Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter: - 4 supply Analysis [Latest edition]
Chapter 4: Supply Analysis
Q.1. Complete the following statement:
1. When the supply curve is upward sloping, it’s slope is _______.
positive
negative
first positive then negative
Zero
2. An upward movement along the same supply curve shows _______.
contraction of supply
decrease in supply
expansion of supply
increase in supply
3. A rightward shift in supply curve shows _______.
contraction of supply
decrease in supply
expansion of supply
increase in supply
4. Other factors remain constant, when less quantity is supplied only due to a fall in price, it shows ________.
contraction of supply
decrease in supply
expansion of supply
increase in supply
5. Net addition made to the total revenue by selling an extra unit of a commodity is ______.
total Revenue
marginal Revenue
average Revenue
marginal Cost
