Ritu Gupta Solutions for Chapter: Theory of Demand and Supply, Exercise 19: Law of Supply

If the demand is more than supply, then the pressure on price will be:

If the supply of bottled water decreases, other things remaining the same, the equilibrium price _____ and the equilibrium quantity _____.

An increase in the number of sellers of bikes will increase the

If good growing conditions increases the supply of strawberries and hot weather increases the demand for strawberries, the quantity of strawberries bought.

The supply curve for perishable commodities is _____.

When supply price increase in the short run, the profit of the producer _____.

According to law of supply, change in supply is related to?

In the book market, the supply of books will decrease if any of the following occurs except