QnA - Dev Library Questions and Answers

Asked by Nikita Chetry
Latest Answer: 43 days ago
In: Commerce

What is meant by equilibrium quantity?

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Asked by Nikita Chetry
Latest Answer: 43 days ago
In: Commerce

What is meant by equilibrium price?

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Asked by Nikita Chetry
Latest Answer: 43 days ago
In: Commerce

What is meant by Price?

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Asked by Nikita Chetry
Latest Answer: 43 days ago
In: Commerce

As in Question No. 1, if at price ₹ 20 per kg. The demand for tomatoes is 150 kg. How will this affect the price of tomatoes fixed by you?

1 Answer

Asked by Nikita Chetry
Latest Answer: 43 days ago
In: Commerce

Suppose you are a seller of tomatoes and you have 100 kg. Of tomatoes for sale. The market price is ₹ 20 per kg. At this price, the demand for tomatoes is only 60 kg. How will it affect the price of tomatoes fixed by you?

1 Answer

Asked by Nikita Chetry
Latest Answer: 43 days ago
In: Commerce

What will be the effect on the price of tomatoes fixed by you if the cost of transportation increases due to an increase in the price of diesel?

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Asked by Nikita Chetry
Latest Answer: 43 days ago
In: Commerce

Suppose you are a seller of tomatoes in the market. Name the factors you will consider while fixing the price of tomatoes sold by you.

1 Answer

Asked by Nikita Chetry
Latest Answer: 43 days ago
In: Commerce

What is the market supply curve? How is it derived from the individual firm's supply curve?

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Asked by Nikita Chetry
Latest Answer: 43 days ago
In: Commerce

Excise duty on the production of TV set is increased. How will the supply of TV sets behave in this case?

1 Answer

Asked by Nikita Chetry
Latest Answer: 43 days ago
In: Commerce

What will happen to the supply of a commodity when the price of raw material used in the output increases?

1 Answer

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