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Direction: Read the following passage and answer the question that follows:
Agriculture provides livelihood to almost three fourth of population of India. Indian agriculture is highly dependent on spatial and temporal distribution of rainfall. Climate extremes such as drought and flood affect agriculture severely. An account of impact of climate extremes viz. drought and flood, on Indian food-grain production has been presented in this paper. There are temporal fluctuations in food grain production and area under the food-grain. In secular terms, both of them increased up to mid-eighties.
After mid-eighties there is decline in the area of food grain while maintaining an increase in production of food-grain suggesting the improvement in agricultural technology and policy. There is more temporal fluctuation in the production of food grain than the area under food grain. The analysis reveals that impact of drought on Indian agriculture is more than that of flood. Rabi food grain production depicts better adaptability to drought than Kharif food grain production mostly due to better access to irrigation infrastructure. Among the various food crops analysed all except jowar can effectively face flood events. Wheat and jowar perform relatively better during drought events.
Rice is most sensitive crop to the extreme climate events. Since rice is staple food in the sub-continent, management of rice productions against climate extremes needs special attention for food security and sustainability.
Q. What other things affect the supply of goods?
  • a)
    Price of the commodity
  • b)
    Income of the consumers
  • c)
    Substitute goods price change
  • d)
    All of the above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Direction: Read the following passage and answer the question that fo...
Factors affecting Supply: Supply refers to the quantity of a good that the producer plans to sell in the market. Supply will be determined by factors such as price, the number of suppliers, the state of technology, government subsidies, weather conditions and the availability of workers to produce the good.
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Direction: Read the following passage and answer the question that fo...


Factors affecting the supply of goods:

1. Price of the commodity:
- When the price of a commodity increases, the supply of that commodity also tends to increase as producers are willing to supply more at higher prices to maximize profits.
- Conversely, if the price of the commodity decreases, the supply may decrease as producers may find it less profitable to produce the good.

2. Income of the consumers:
- The income of consumers plays a significant role in determining the supply of goods.
- When consumers have higher incomes, they are likely to demand more goods, which can lead to an increase in supply to meet the demand.
- On the other hand, if consumer incomes decrease, the demand for goods may also decrease, leading to a decrease in supply.

3. Substitute goods price changes:
- The prices of substitute goods can also impact the supply of a particular good.
- If the price of a substitute good increases, consumers may switch to the cheaper alternative, leading to a decrease in demand for the original good and potentially a decrease in its supply.
- Conversely, if the price of a substitute good decreases, the demand for the original good may increase, leading to an increase in its supply.

4. All of the above:
- All the factors mentioned above, including the price of the commodity, income of the consumers, and changes in the prices of substitute goods, can collectively affect the supply of goods in the market.
- It is essential for producers and policymakers to consider these factors when analyzing and predicting changes in the supply of goods to ensure efficient allocation of resources and stable market conditions.
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Direction: Read the following passage and answer the question that follows:Agriculture provides livelihood to almost three fourth of population of India. Indian agriculture is highly dependent on spatial and temporal distribution of rainfall. Climate extremes such as drought and flood affect agriculture severely. An account of impact of climate extremes viz. drought and flood, on Indian food-grain production has been presented in this paper. There are temporal fluctuations in food grain production and area under the food-grain. In secular terms, both of them increased up to mid-eighties.After mid-eighties there is decline in the area of food grain while maintaining an increase in production of food-grain suggesting the improvement in agricultural technology and policy. There is more temporal fluctuation in the production of food grain than the area under food grain. The analysis reveals that impact of drought on Indian agriculture is more than that of flood. Rabi food grain production depicts better adaptability to drought than Kharif food grain production mostly due to better access to irrigation infrastructure. Among the various food crops analysed all except jowar can effectively face flood events. Wheat and jowar perform relatively better during drought events.Rice is most sensitive crop to the extreme climate events. Since rice is staple food in the sub-continent, management of rice productions against climate extremes needs special attention for food security and sustainability.Q. What other things affect the supply of goods?a)Price of the commodityb)Income of the consumersc)Substitute goods price changed)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
Question Description
Direction: Read the following passage and answer the question that follows:Agriculture provides livelihood to almost three fourth of population of India. Indian agriculture is highly dependent on spatial and temporal distribution of rainfall. Climate extremes such as drought and flood affect agriculture severely. An account of impact of climate extremes viz. drought and flood, on Indian food-grain production has been presented in this paper. There are temporal fluctuations in food grain production and area under the food-grain. In secular terms, both of them increased up to mid-eighties.After mid-eighties there is decline in the area of food grain while maintaining an increase in production of food-grain suggesting the improvement in agricultural technology and policy. There is more temporal fluctuation in the production of food grain than the area under food grain. The analysis reveals that impact of drought on Indian agriculture is more than that of flood. Rabi food grain production depicts better adaptability to drought than Kharif food grain production mostly due to better access to irrigation infrastructure. Among the various food crops analysed all except jowar can effectively face flood events. Wheat and jowar perform relatively better during drought events.Rice is most sensitive crop to the extreme climate events. Since rice is staple food in the sub-continent, management of rice productions against climate extremes needs special attention for food security and sustainability.Q. What other things affect the supply of goods?a)Price of the commodityb)Income of the consumersc)Substitute goods price changed)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: Read the following passage and answer the question that follows:Agriculture provides livelihood to almost three fourth of population of India. Indian agriculture is highly dependent on spatial and temporal distribution of rainfall. Climate extremes such as drought and flood affect agriculture severely. An account of impact of climate extremes viz. drought and flood, on Indian food-grain production has been presented in this paper. There are temporal fluctuations in food grain production and area under the food-grain. In secular terms, both of them increased up to mid-eighties.After mid-eighties there is decline in the area of food grain while maintaining an increase in production of food-grain suggesting the improvement in agricultural technology and policy. There is more temporal fluctuation in the production of food grain than the area under food grain. The analysis reveals that impact of drought on Indian agriculture is more than that of flood. Rabi food grain production depicts better adaptability to drought than Kharif food grain production mostly due to better access to irrigation infrastructure. Among the various food crops analysed all except jowar can effectively face flood events. Wheat and jowar perform relatively better during drought events.Rice is most sensitive crop to the extreme climate events. Since rice is staple food in the sub-continent, management of rice productions against climate extremes needs special attention for food security and sustainability.Q. What other things affect the supply of goods?a)Price of the commodityb)Income of the consumersc)Substitute goods price changed)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the following passage and answer the question that follows:Agriculture provides livelihood to almost three fourth of population of India. Indian agriculture is highly dependent on spatial and temporal distribution of rainfall. Climate extremes such as drought and flood affect agriculture severely. An account of impact of climate extremes viz. drought and flood, on Indian food-grain production has been presented in this paper. There are temporal fluctuations in food grain production and area under the food-grain. In secular terms, both of them increased up to mid-eighties.After mid-eighties there is decline in the area of food grain while maintaining an increase in production of food-grain suggesting the improvement in agricultural technology and policy. There is more temporal fluctuation in the production of food grain than the area under food grain. The analysis reveals that impact of drought on Indian agriculture is more than that of flood. Rabi food grain production depicts better adaptability to drought than Kharif food grain production mostly due to better access to irrigation infrastructure. Among the various food crops analysed all except jowar can effectively face flood events. Wheat and jowar perform relatively better during drought events.Rice is most sensitive crop to the extreme climate events. Since rice is staple food in the sub-continent, management of rice productions against climate extremes needs special attention for food security and sustainability.Q. What other things affect the supply of goods?a)Price of the commodityb)Income of the consumersc)Substitute goods price changed)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Direction: Read the following passage and answer the question that follows:Agriculture provides livelihood to almost three fourth of population of India. Indian agriculture is highly dependent on spatial and temporal distribution of rainfall. Climate extremes such as drought and flood affect agriculture severely. An account of impact of climate extremes viz. drought and flood, on Indian food-grain production has been presented in this paper. There are temporal fluctuations in food grain production and area under the food-grain. In secular terms, both of them increased up to mid-eighties.After mid-eighties there is decline in the area of food grain while maintaining an increase in production of food-grain suggesting the improvement in agricultural technology and policy. There is more temporal fluctuation in the production of food grain than the area under food grain. The analysis reveals that impact of drought on Indian agriculture is more than that of flood. Rabi food grain production depicts better adaptability to drought than Kharif food grain production mostly due to better access to irrigation infrastructure. Among the various food crops analysed all except jowar can effectively face flood events. Wheat and jowar perform relatively better during drought events.Rice is most sensitive crop to the extreme climate events. Since rice is staple food in the sub-continent, management of rice productions against climate extremes needs special attention for food security and sustainability.Q. What other things affect the supply of goods?a)Price of the commodityb)Income of the consumersc)Substitute goods price changed)All of the aboveCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Direction: Read the following passage and answer the question that follows:Agriculture provides livelihood to almost three fourth of population of India. Indian agriculture is highly dependent on spatial and temporal distribution of rainfall. Climate extremes such as drought and flood affect agriculture severely. An account of impact of climate extremes viz. drought and flood, on Indian food-grain production has been presented in this paper. There are temporal fluctuations in food grain production and area under the food-grain. In secular terms, both of them increased up to mid-eighties.After mid-eighties there is decline in the area of food grain while maintaining an increase in production of food-grain suggesting the improvement in agricultural technology and policy. There is more temporal fluctuation in the production of food grain than the area under food grain. The analysis reveals that impact of drought on Indian agriculture is more than that of flood. Rabi food grain production depicts better adaptability to drought than Kharif food grain production mostly due to better access to irrigation infrastructure. Among the various food crops analysed all except jowar can effectively face flood events. Wheat and jowar perform relatively better during drought events.Rice is most sensitive crop to the extreme climate events. Since rice is staple food in the sub-continent, management of rice productions against climate extremes needs special attention for food security and sustainability.Q. What other things affect the supply of goods?a)Price of the commodityb)Income of the consumersc)Substitute goods price changed)All of the aboveCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Read the following passage and answer the question that follows:Agriculture provides livelihood to almost three fourth of population of India. Indian agriculture is highly dependent on spatial and temporal distribution of rainfall. Climate extremes such as drought and flood affect agriculture severely. An account of impact of climate extremes viz. drought and flood, on Indian food-grain production has been presented in this paper. There are temporal fluctuations in food grain production and area under the food-grain. In secular terms, both of them increased up to mid-eighties.After mid-eighties there is decline in the area of food grain while maintaining an increase in production of food-grain suggesting the improvement in agricultural technology and policy. There is more temporal fluctuation in the production of food grain than the area under food grain. The analysis reveals that impact of drought on Indian agriculture is more than that of flood. Rabi food grain production depicts better adaptability to drought than Kharif food grain production mostly due to better access to irrigation infrastructure. Among the various food crops analysed all except jowar can effectively face flood events. Wheat and jowar perform relatively better during drought events.Rice is most sensitive crop to the extreme climate events. Since rice is staple food in the sub-continent, management of rice productions against climate extremes needs special attention for food security and sustainability.Q. What other things affect the supply of goods?a)Price of the commodityb)Income of the consumersc)Substitute goods price changed)All of the aboveCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Direction: Read the following passage and answer the question that follows:Agriculture provides livelihood to almost three fourth of population of India. Indian agriculture is highly dependent on spatial and temporal distribution of rainfall. Climate extremes such as drought and flood affect agriculture severely. An account of impact of climate extremes viz. drought and flood, on Indian food-grain production has been presented in this paper. There are temporal fluctuations in food grain production and area under the food-grain. In secular terms, both of them increased up to mid-eighties.After mid-eighties there is decline in the area of food grain while maintaining an increase in production of food-grain suggesting the improvement in agricultural technology and policy. There is more temporal fluctuation in the production of food grain than the area under food grain. The analysis reveals that impact of drought on Indian agriculture is more than that of flood. Rabi food grain production depicts better adaptability to drought than Kharif food grain production mostly due to better access to irrigation infrastructure. Among the various food crops analysed all except jowar can effectively face flood events. Wheat and jowar perform relatively better during drought events.Rice is most sensitive crop to the extreme climate events. Since rice is staple food in the sub-continent, management of rice productions against climate extremes needs special attention for food security and sustainability.Q. What other things affect the supply of goods?a)Price of the commodityb)Income of the consumersc)Substitute goods price changed)All of the aboveCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Direction: Read the following passage and answer the question that follows:Agriculture provides livelihood to almost three fourth of population of India. Indian agriculture is highly dependent on spatial and temporal distribution of rainfall. Climate extremes such as drought and flood affect agriculture severely. An account of impact of climate extremes viz. drought and flood, on Indian food-grain production has been presented in this paper. There are temporal fluctuations in food grain production and area under the food-grain. In secular terms, both of them increased up to mid-eighties.After mid-eighties there is decline in the area of food grain while maintaining an increase in production of food-grain suggesting the improvement in agricultural technology and policy. There is more temporal fluctuation in the production of food grain than the area under food grain. The analysis reveals that impact of drought on Indian agriculture is more than that of flood. Rabi food grain production depicts better adaptability to drought than Kharif food grain production mostly due to better access to irrigation infrastructure. Among the various food crops analysed all except jowar can effectively face flood events. Wheat and jowar perform relatively better during drought events.Rice is most sensitive crop to the extreme climate events. Since rice is staple food in the sub-continent, management of rice productions against climate extremes needs special attention for food security and sustainability.Q. What other things affect the supply of goods?a)Price of the commodityb)Income of the consumersc)Substitute goods price changed)All of the aboveCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Read the following passage and answer the question that follows:Agriculture provides livelihood to almost three fourth of population of India. Indian agriculture is highly dependent on spatial and temporal distribution of rainfall. Climate extremes such as drought and flood affect agriculture severely. An account of impact of climate extremes viz. drought and flood, on Indian food-grain production has been presented in this paper. There are temporal fluctuations in food grain production and area under the food-grain. In secular terms, both of them increased up to mid-eighties.After mid-eighties there is decline in the area of food grain while maintaining an increase in production of food-grain suggesting the improvement in agricultural technology and policy. There is more temporal fluctuation in the production of food grain than the area under food grain. The analysis reveals that impact of drought on Indian agriculture is more than that of flood. Rabi food grain production depicts better adaptability to drought than Kharif food grain production mostly due to better access to irrigation infrastructure. Among the various food crops analysed all except jowar can effectively face flood events. Wheat and jowar perform relatively better during drought events.Rice is most sensitive crop to the extreme climate events. Since rice is staple food in the sub-continent, management of rice productions against climate extremes needs special attention for food security and sustainability.Q. What other things affect the supply of goods?a)Price of the commodityb)Income of the consumersc)Substitute goods price changed)All of the aboveCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Commerce tests.
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