Maharashtra Board Solutions Class 12
         Commerce: Chapter 4- Supply Analysis
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           Maharashtra Board Solutions Class 12
          Commerce: Chapter 4- Supply Analysis
         Class 12:Economics Chapter 4 solutions. Complete Class 12 Economics Chapter 4
         Notes.
         Maharashtra Board Solutions Class 12 Commerce:
         Chapter 4- Supply Analysis
         Maharashtra Board 12th Economics Chapter 4, Class 12 Economics Chapter 4
         solutions
         1. Complete the following statements:
         Question 1.
         When supply curve is upward sloping, it’s slope is ……………….
         a) positive
         b) negative
         c) first positive then negative
         d) zero
         Answer:
         a) positive
         Question 2.
         An upward movement along the same supply curve shows ………………..
         a) contraction of supply
         https://www.indcareer.com/schools/maharashtra-board-solutions-class-12-economics-chapter-4-
         supply-analysis/
       b) decrease in supply
       c) expansion of supply
       d) increase in supply
       Answer:
       c) expansion of supply
       Question 3.
       A rightward shift in supply curve shows ………………..
       a) contraction of supply
       b) decrease in supply
       c) expansion of supply
       d) increase in supply
       Answer:
       d) increase in supply
       Question 4.
       Other factors remaining constant, when less quantity is supplied only due to a fall
       in price, it shows ………………..
       a) contraction of supply
       b) decrease in supply
       c) expansion of supply
       d) increase in supply
       Answer:
       https://www.indcareer.com/schools/maharashtra-board-solutions-class-12-economics-chapter-4-
       supply-analysis/
        a) contraction of supply
        Question 5.
        Net addition made to the total revenue by selling an extra unit of a commodity is
        ………………..
        a) total Revenue
        b) marginal Revenue
        c) average Revenue
        d) marginal Cost
        Answer:
        b) marginal Revenue
        2. Complete the Correlation:
        1) Expansion of supply: Price rises:: Contraction of supply: ………………….
        2) Total revenue : …………………. :: Average revenue :TR/TQ
        3) Total cost : TFC + TVC :: Average cost : ………………….
        4) Demand curve : …………………. :: Supply curve : Upward
        5) …………………. : Change in supply :: Other factors constant: Variation of
        supply
        Answers:
        (1) Price falls
        (2) PxQ
        (3) TC ÷ TQ
        (4) Downward
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