wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The current supply of a commodity in the market refers to


A

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

Market period supply

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C

Long period supply

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

Short period supply

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B

Market period supply


Market period supply refers to the current supply of a commodity in the market. Supply cannot be changed at all due to lack of time even if the price has increased.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Invisible Hand
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon