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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
MCQ
Increase or decrease in supply means:
  • A
    Change in supply due to change in its own price.
  • ✓
    Change in supply due to change in factors other than its own price.
  • C
    Both (a) and (b).
  • D
    None of the above.
✓

Answer

Correct option: B.
Change in supply due to change in factors other than its own price.

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