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The theory of the firm under perfect competition — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsThe theory of the firm under perfect competition1 Mark
Question
Supply schedule shows _____________ relationship between price and quantity supplied of a commodity.
  1. Positive.
  2. Inverse.
  3. Negative.
  4. Opposite.
Hint: Supply schedule depicts direct (i.e. positive) relationship between price and quantity supplied of a commodity, i.e. if price increases, supply of a commodity also increases.
✓

Answer

  1. Positive.

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