Download App

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
When less quantity is supplied at a lower price, it shows:
  1. Contraction in supply.
  2. Decrease in supply.
  3. Expansion in supply.
  4. Increase in supply.
✓

Answer

  1. Contraction in supply.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from The theory of the firm under perfect competition→The theory of the firm under perfect competition — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

How many costs exist in the short-run?
  1. 1.
  2. 3.
  3. 2.
  4. 7.
→
When income of the consumer falls the impact on price-demand curve of an inferior good is: (choose the correct alternative)
  1. Shifts to the right.
  2. Shifts to the left.
  3. There is upward movement along the curve.
  4. There is downward movement along the curve.
→
During depression, it is advisable to:
  1. Lower bank rate and purchase securities in the market.
  2. Increase bank rate and purchase securities in the open market.
  3. Decrease bank rate and sell securities in the open market.
  4. Increase bank rate and sell securities in the open market.
→
The various fiscal policy measures that can decrease aggregate demand, and thus, control the problem of excess demand are:
  1. Reducing the level of government expenditure.
  2. Increasing the amount of taxes.
  3. A mix of reducing government expenditure and increasing tax rates.
  4. All of them.
→
Repayment of Loans is an example of:
  1. Capital Expenditure.
  2. Non-Plan Expenditure.
  3. Revenue Expenditure.
  4. Plan Expenditure.
→
Macroeconomics is also called ______ economics.
  1. Experimental.
  2. Applied.
  3. Aggregated.
  4. Individual.
→
In case of inferior goods like bajra, a fall in its price tends to _______:
  1. Make the demand remain constant.
  2. Reduce the demand.
  3. Increase the demand.
  4. Change the demand in an abnormal way.
→
Autonomous consumption is indicated by _______ in the consumption function.
  1. C
  2. AC
  3. S
  4. C
→
If C = ₹ 500 crore, I = ₹ 300 crore, find the AD in a two sector economy:
  1. ₹ 500 crore
  2. ₹ 800 crore
  3. ₹ 1,300 crore
  4. ₹ 200 crore
→
The component of capital account is -
→