Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 4: - Supply Analysis solution Chapter 4: Supply Analysis

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 4: - Supply Analysis solution

Chapter 4: Supply Analysis

Q.1. Complete the following statement

Q.2. Complete the Correlation

Q.3. Give economic term

Q.4. Distinguish between:

1. Stock and Supply.

2. Expansion of Supply and Increase in Supply

3. Contraction of Supply and Decrease in Supply

4. Average revenue and Average cost.

Q.5. Observe the following table and answer the

question:

(A) Supply schedule of chocolates:

1. Complete the above supply schedule.

2. State the relationship between price and quantity supplied.

3. Draw a diagram for the above supply schedule.

 

(B) Observe the market supply schedule of potatoes and answer the following question:

Draw the market supply curve from the schedule and explain it.

Q.6. Answer the following question:

1. Explain the concept of total cost and total revenue.

2. What are the determinants of supply?

 

Q.7. Answer in detail:

1. Explain the law of supply and its exceptions.