Question 11 MarkMovement on same supply curve : ……………….:: Shift of supply curve: Change in supply.AnswerVariation in supplyView full question & answer→
Question 21 MarkSingle seller : Individual Supply :: All sellers : ……………….AnswerMarket SupplyView full question & answer→
Question 31 MarkMarginal Revenue : $TR _n-T R_{n-1}:=$ $\qquad$ : TR/TQAnswerAverage RevenueView full question & answer→
Question 41 Mark………………. : Individual supply :: Macro concept: Total supplyAnswerMicro conceptView full question & answer→
Question 51 MarkRare goods : Exception to Law of Supply :: Assumption of Law of Supply : ……………….AnswerNo change in Government PolicyView full question & answer→
Question 61 Mark…………………. : Change in supply :: Other factors constant: Variation of supplyAnswer Other factor changesView full question & answer→
Question 71 Mark Demand curve : …………………. :: Supply curve : UpwardAnswer DownwardView full question & answer→
Question 81 MarkTotal cost : TFC + TVC :: Average cost : …………………. Answer TC ÷ TQView full question & answer→
Question 91 Mark Total revenue : …………………. :: Average revenue :TR/TQAnswer PxQView full question & answer→
Question 101 Mark Expansion of supply: Price rises:: Contraction of supply: ………………….Answer Price fallsView full question & answer→