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Question
Read the following statements carefully. Write True or False with a reason.
Supply may remain constant even when quantity supplied changes
Read the following statements carefully. Write True or False with a reason.
Supply may remain constant even when quantity supplied changes
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Solution
The correct option is A True
True, Because, supply refers to the entire supply schedule (or supply curve) while quantity supplied refers to a specific point on the supply curve which changes with change in own price of the commodity.
True, Because, supply refers to the entire supply schedule (or supply curve) while quantity supplied refers to a specific point on the supply curve which changes with change in own price of the commodity.
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