Multiple Choice Questions on The supply curve of a good shift to the right when price of other goods ........ for Common University Entrance Test (CUET) Preparation

Back to Main Page

Multiple Choice Questions

The supply curve of a good shift to the right when price of other goods ........

Introductory Microeconomics Consumer Behavious and Demand
    Add to Study Deck Download Solution PDF

    The supply curve of a good shift to the right when price of other goods

     

    Remains constant
     

    Incorrect Answer

    Rise
     

    Incorrect Answer

    Fall
     

    Correct Answer

    None of the above

    Incorrect Answer
    Explanation:

    Option (3) is correct.
    Explanation: The supply curve of a good shift the right when there is fall in price of other goods. In that case, given good becomes more profitable to produce and hence its supply
    rises.

     

    Let's Discuss

    What our students have to say
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free