1.

Identify and explain the concept from given illustration.Mr. Chaturvedi has 5000 kg rice at his disposal. He offered 2000 kg rice in market at Rs. 25 per kg.

Answer»

Concept: Stock and Supply

Explanation : Supply means the various quantities of a commodity offered for sale by producer during a given period of time at a particular price.

In above case, total stock is 5000 kg rice and total supply is 2000 kg rice.



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