Statement 1 Supply of the commodity can also decrease when the price remains constant Statement...........

Economics (CUET) Consumer Behaviour and Demand

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Statement 1: Supply of the commodity can also decrease when the price remains constant.

Statement 2: Due to rise in price of factor of production or inputs.

Alternatives:

Both the statements are true.

Both the statements are false.

Statement 1 is true but statement 2 is false.

Statement 1 is false but statement 2 is true.

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Explanation:

Option (3) is correct.
Explanation: Supply can be referred to as total quantity of a commodity that a producer is willing and able to offer for sale at a given price during a given period of time. Stock refers to total quantity available with the seller to be sold.