Vidyalelo
Management · Q138

Managerial Economics

Graduate and Post Graduate · Management · question 138

Q138

A rise in the price of a commodity will generally call forth a bigger supply and this will be brought about partly by existing firms expanding their output and partly by

A.
The discovery of new sources of raw materials
B.
New firms being attracted into the indus try
Answer
C.
The general expansion of the market
D.
Changes in the general level of consumer's incomes

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board