The theory of the firm under perfect competition — Economics STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceEconomicsThe theory of the firm under perfect competition1 Mark
Question
Define slope of the supply curve.
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Answer
Slope of supply curve measures the rate at which the quantity supplied of a good changes with respect to its price.
Slope $=\frac{\Delta\text{p}}{\Delta\text{q}}.$
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