1.

Changein thepirce ofthegiven commoditywill lead to :

Answer»

Expansionis Supply
conrtaction in supply
either (a) or (b)
Neither (a) and (b)

Solution : Increase in PRICE will lead to increase in the supply and hence expansion in supply , and DECREASE in price will lead to FALL in supply and hence contraction in supply.our correct ANSWER is OPTION is (c).


Discussion

No Comment Found