Maharashtra Board Class 12 Solutions for Economics Chapter 4 Supply Analysis – Download Free PDF with Solution
A commodity is designed and launched in the market with the sole purpose of serving the consumers and creating a demand. Its demand depends on the manufacturing rate and supply to the market. In this chapter, you will study what supply analysis is and how you can use different formulas to do that.
To understand the basic concepts of supply analysis, refer to the textbook and use the Supply Analysis solutions prepared by the experts of Vedantu. Check how the experts have simplified the concepts and use them to answer all the exercise questions for your convenience.
FAQs on Maharashtra Board Class 12 Solutions for Economics Chapter 4 Supply Analysis
1. What is the reservation price?
The minimum price that a seller can sell the products to a consumer is called the reservation price. Below this price, a seller does not want to sell a commodity.
2. What is individual supply?
Individual supply determines the volume of a commodity a seller wants to sell at different prices.
3. What is stock?
Stock is the outcome of the production of commodities. It is directly linked with supply. In fact, supply is considered to be the outcome of stock.
4. What is the production of commodities?
The creation of utilities by using various resources such as labour, land, organisation, and capital is called production.
5. Why do we study supply analysis?
Studying supply analysis enables us to identify the market features for particular goods and services.