CA Foundation Exam > CA Foundation Questions > Yesterday, seller A supplied 400 units of a g...
Start Learning for Free
Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)
- a)Decrease in supply.
- b)Increase in supply.
- c)Increase in the quantity supplied.
- d)Decrease in the quantity supplied.
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. T...
Explanation:
Supply refers to the quantity of a product that a seller is willing and able to sell at a particular price and time. The supply of a product can change due to various factors such as changes in the cost of production, changes in technology, changes in government policies, etc.
In this question, seller A supplied 400 units of a good X at Rs. 10 per unit yesterday and supplies the same quantity of units at Rs. 5 per unit today. Based on this evidence, we can conclude that seller A has experienced an increase in supply.
Reasoning:
To understand why seller A has experienced an increase in supply, let's first look at the definition of supply.
Supply = Quantity of product that a seller is willing and able to sell at a particular price and time.
Now, let's analyze the given scenario.
Yesterday, seller A supplied 400 units of a good X at Rs. 10 per unit. This means that seller A was willing and able to sell 400 units of the product at Rs. 10 per unit.
Today, seller A supplies the same quantity of units at Rs. 5 per unit. This means that seller A is willing and able to sell 400 units of the product at a lower price of Rs. 5 per unit.
Since seller A is willing and able to sell the same quantity of units at a lower price, we can conclude that seller A has experienced an increase in supply.
Conclusion:
Therefore, based on the given evidence, we can conclude that seller A has experienced an increase in supply.
Supply refers to the quantity of a product that a seller is willing and able to sell at a particular price and time. The supply of a product can change due to various factors such as changes in the cost of production, changes in technology, changes in government policies, etc.
In this question, seller A supplied 400 units of a good X at Rs. 10 per unit yesterday and supplies the same quantity of units at Rs. 5 per unit today. Based on this evidence, we can conclude that seller A has experienced an increase in supply.
Reasoning:
To understand why seller A has experienced an increase in supply, let's first look at the definition of supply.
Supply = Quantity of product that a seller is willing and able to sell at a particular price and time.
Now, let's analyze the given scenario.
Yesterday, seller A supplied 400 units of a good X at Rs. 10 per unit. This means that seller A was willing and able to sell 400 units of the product at Rs. 10 per unit.
Today, seller A supplies the same quantity of units at Rs. 5 per unit. This means that seller A is willing and able to sell 400 units of the product at a lower price of Rs. 5 per unit.
Since seller A is willing and able to sell the same quantity of units at a lower price, we can conclude that seller A has experienced an increase in supply.
Conclusion:
Therefore, based on the given evidence, we can conclude that seller A has experienced an increase in supply.
Free Test
FREE
| Start Free Test |
Community Answer
Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. T...
Question ke second condition me price kam hua hi isliye demand badhegi aur isiliye seller A supply vi jyada karega that's it
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer?
Question Description
Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer?.
Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Yesterday, seller A supplied 400 units of a good X at Rs10 per unit. Today, seller A supplies the same quantity of units at Rs. 5 per unit. Based on this evidence, seller A has experienced a (an)a)Decrease in supply.b)Increase in supply.c)Increase in the quantity supplied.d)Decrease in the quantity supplied.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup