Category: Managerial Economics

The law of supply states the functional relationship between the price of a commodity and its quantity supplied.
According to the law:
When the price of a commodity increases, the quantity supplied of that commodity also increases;
and when the price falls, the quantity supplied decreases—other factors remaining constant. Thus, according to the law of supply, quantity supplied is directly or positively related to price.

2017 previous year question PYQ with answer BBA AKU Bihar Microeconomics Q1. Write True or False of the following: (a)          Prices of substitute commodities have …

2018 previous year question PYQ with answer BBA AKU Bihar Microeconomics Q 1. Write True or False of the following : (a)          The demand of …

2022 / Previous Year Question PYQ and answer / BBA / Microeconomics / AKU Bihar 1.Write True or False of any six of the following: …

Elasticity of Demand Price elasticity of Demand

Market Structure :