Supply vs Quantity Supplied

Q.

Read the following table carefully and give your comments.

Index of Industrial Production Base 1993- 94

$\begin{array}{cccc}\text{Industry}& \text{Weight (In)\%}& 1996-97& 2003-2004\\ \text{General Index}& 100& 130.8& 189.0\\ \text{Mining and Quarrying}& 10.73& 118.2& 146.9\\ \text{Manufacturing}& 79.58& 113.6& 196.6\\ \text{Electricity}& 10.69& 122.0& 172.6\end{array}$

Q. Construct and index of prices using 2004 as the base year and Price Relatives Method:

Goods	Weight	2014	2016	2017
A B C	5 3 2	10 5 4	12 6 5	14 8 7

Q. Represent the following data by sub-divided and multiple bar diagrams.

Demand and Availability of Steel
(Thousand Tons)

Year	2012-13	2013-14	2014-15	2015-16
Demand	6150	6550	7000	7650
Availability	6600	8200	8950	9800

Q. The long period supply curve will slope ________________.

1. downwards to the right
2. upwards to the right
3. parallel to x - axis
4. upwards to the right, though less steeply than the short-period supply curve of the industry

Q. _____ is a study of one particular unit rather than all the units combined together.

1. Both (A) and (B)
2. Social economics
3. Macro economics
4. Micro economics

Q. When supply curve shifts to the right, _________.
A. There is excess supply
B. There is deficient supply
C. Prices tend to fall
D. Prices tend to rise

1. All are correct
2. A and C is correct
3. A and B is correct
4. A and D is correct