1.

A producer changes supply of a commodity only when there is change in price of the given commodity

Answer» <html><body><p></p>Solution :False: Producer willalsochangethe supply if there is <a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a> in other factors, like;in priceof <a href="https://interviewquestions.tuteehub.com/tag/factorsof-2631979" style="font-weight:bold;" target="_blank" title="Click to know more about FACTORSOF">FACTORSOF</a> production, <a href="https://interviewquestions.tuteehub.com/tag/changein-2508228" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGEIN">CHANGEIN</a> stateof technology, changein <a href="https://interviewquestions.tuteehub.com/tag/taxation-928" style="font-weight:bold;" target="_blank" title="Click to know more about TAXATION">TAXATION</a> policy, change in consumer preferenceetc.</body></html>


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