9th Class Economics Chapter 4 Short Questions Online Test English Medium

Question # 1

What does the supply schedule represent.

Ans 1: The supply schedule represent the quantities of a specific good or service that producers are willing to supply to the market at various price level, assuming other factors remain constant. It assentially illustrates the quantity supplied at different prices,providing insight into how producers respond to changes in price.

Question # 2

Define Law of Supply

Ans 1: "Other thing remain constant, an increase in price, increases the quantity supplied and a decrease in price decress the quantity supplie".

Question # 3

Difference betwene Supply and Stock

Ans 1: Supply:
* Supply rfers to the quantity of goods or services that producers are willing and able to offer for sale at various prices withing a given time frame.
* It represents the relationship between the price of a product and the quantity that producers are willing to produce and sell in the market.
* Supply is influenced by factors such as production costs, technological advancements, government polices, and expectations about future prices.
Ans 2: Stock:
# Stock typically refers to the inventory of goods or materials that a business holds for the purpose of resals or use in production.
# It includes finished goods ready for sale, work in progress, and raw materials.
# Infinancial context, stock can also refe to ownership shares ina corporation, Each share represents a portion of ownership in the company and shareholders are entitle certain rights and benefits.

Question # 4

Write three factors the affect the quantity supplied.

Ans 1: 1- Price of the Goods or Service: The Most significant fator inluencing the quantity supplied is the price of the good or service itself.Generally, as the price increaes, producers are willing to supply more of the product to the market becase it becomes more profitable to do so.
Ans 2: 2- Cost of Production:The cost of producing the good or service, including raw materials, lobor rent ,and other inputs, direcly impacts the quantity supplied.
Ans 3: 3- Technolgical Advacements: Improvements in technology can incresse production efficiency and reduce costs, leadingto an increase in the quanitity supplied, Conversely, outdated orinefficient technology many limit production capacity and decrese supply.

Question # 5

Define Specific Time

Ans 1: Time period is also very important with reference to suply, for example whether it is daily, weekly or monthly, It means that quantity supplied is not determined within some time frame.

Question # 6

Define Meaning of Supply

Ans 1: "Supply is the quantity of a good sellers wish to sell in the market at a specifict time and price".

Question # 7

Write graphic Presentation of the Law of supply

Ans 1: Price of onion in rupees
20
40
60
80
Ans 2: Quantity of Onions supplied in kilogram
10
20
30
40

Question # 8

Define Stock

Ans 1: Stock typically refers to two main concepts:
1- Inventory: In a business context, stock ofter refers to the inventory of goods or materials that a company holds for the pursoe of resale or use in production. It includes finished goods ready for sale, work in progress, and raw materials
Ans 2: 2- Ownership in a company: Stock can also represent ownership shares in a corporation. When a company decides to raise capital by issuing shares, it divides it ownship into units called shares or stock.

Question # 9

What is Specific Price

Ans 1: As good is demanded at a certain price similarly supply cannot be explained without price. Quanty is always supplied at some specific price.

Question # 10

Define Supply

Ans 1: Supply referesto the quanity of goods of services that producers are willling and able to offer for sale at different prices withing a given time period. It's a fundamental concept in economics, representing the relationship between the price of a product and the quantity that producers are willing to produce and sell in the market.

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9th Class Economics Chapter 4 Short Questions Online Test English Medium

9th Class English Medium Subjects

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Online Short Questions For Chapter 4 "9th Class English Medium Economics Chapter 4 "

Economics - 9th Class English Medium Economics Chapter 4

What does the supply schedule represent.

Define Law of Supply

Difference betwene Supply and Stock

Write three factors the affect the quantity supplied.

Define Specific Time

Define Meaning of Supply

Write graphic Presentation of the Law of supply

Define Stock

What is Specific Price

Define Supply

Prepare Complete Set Wise Questions For Chapter 4 "9th Class English Medium Economics Chapter 4 "

Set 1

9th Class English Medium Economics Chapter 4 - Set 1

What does the supply schedule represent.

Define Law of Supply

Difference betwene Supply and Stock

Write three factors the affect the quantity supplied.

Define Specific Time

Define Meaning of Supply

Write graphic Presentation of the Law of supply

Define Stock

What is Specific Price

Define Supply

9th Class English Medium Economics Chapter 4