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| 1. |
Market period is a timeperiodduringwhich : |
| Answer» <html><body><p>Rigtward shift in supplu curves <br/>Leftward shift in supply curve<br/>Expansion in supply <br/>Contraction insupply </p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> : The market period is a very short period in which the supply of a commodity is <a href="https://interviewquestions.tuteehub.com/tag/fixed-457597" style="font-weight:bold;" target="_blank" title="Click to know more about FIXED">FIXED</a>. It is the variations in demand that determine the price in such a market period. The <a href="https://interviewquestions.tuteehub.com/tag/time-19467" style="font-weight:bold;" target="_blank" title="Click to know more about TIME">TIME</a> period is so short that supply is not responsive to demand. Thus , there is a leftward shift in supply of a commodity and the correct <a href="https://interviewquestions.tuteehub.com/tag/option-25810" style="font-weight:bold;" target="_blank" title="Click to know more about OPTION">OPTION</a> is (B).</body></html> | |