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MICROECONOMICS CH : 11 THEORY OF SUPPLY — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 11 THEORY OF SUPPLY1 Mark
MCQ
Statement 1: Supply and quantity supplied are identical terms.
Statement 2: Market supply schedule refers to supply schedule of the industry as a whole.
  • A
    Both the statements are true
  • B
    Both the statements are false
  • C
    Statement 1 is true and Statement 2 is false
  • ✓
    Statement 2 is true and Statement 1 is false
✓

Answer

Correct option: D.
Statement 2 is true and Statement 1 is false
D

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