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Question
Supply of a commodity is a _______.
Supply of a commodity is a _______.
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Solution
The correct option is C flow concept
Supply of a commodity is a Flow Concept and NOT a Stock Concept.
A flow variable is measured over an interval of time. While stock variable is measured at a particular point in time.A stock concept is a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.
Supply of a commodity is a Flow Concept and NOT a Stock Concept.
A flow variable is measured over an interval of time. While stock variable is measured at a particular point in time.A stock concept is a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.
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