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Jamshedpur, Jamshedpur, India- 831001.
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Jamshedpur, Jamshedpur, India - 831001
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Answered on 02/05/2018 Learn CBSE/Class 11/Commerce/Economics
Considering all other variables constant, supply and price have an inverse relationship.
If you plot a graph, taking the same values that you have mentioned here, you can see it for yourself.
This is again considering that the demand has remained constant and it has not changed due to additional people or unavailability of substitutes, to be clear.
Hope this answers your query.
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Online (video chat via skype, google hangout etc)
Student's Home
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Class Location
Online (video chat via skype, google hangout etc)
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Answered on 02/05/2018 Learn CBSE/Class 11/Commerce/Economics
Considering all other variables constant, supply and price have an inverse relationship.
If you plot a graph, taking the same values that you have mentioned here, you can see it for yourself.
This is again considering that the demand has remained constant and it has not changed due to additional people or unavailability of substitutes, to be clear.
Hope this answers your query.
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