When the supply of a commodity decreases, the price _____?
Agriculture Officer Past Papers and Syllabus / All - Multiple-choice practice
جب کسی چیز کی فراہمی کم ہو جاتی ہے، تو اس کی قیمت کیا ہوتی ہے؟
- A. Decreases
- B. Both A and B
- C. Increases
- D. None of these
Correct answer
Increases
Explanation
Explanation In economics, the law of supply and demand determines the price of a commodity. When the supply of a commodity decreases while demand remains the same, the price increases . This happens because scarcity makes the commodity more valuable . Last verified on 01-02-2026
Continue with All MCQs, explore all Agriculture Officer Past Papers and Syllabus topics, or try the All practice quiz.
More All questions
- Grasshopper and cricket have mouthparts _____?
- Soil age is determined by ______?
- Ozone is a gas made up of _______ atoms of oxygen.
- The headquarter of Food and Agriculture Organization (FAO) is in ______?
- Aphid attack is increasing in which of the following crops?
- Antibiotics are produced by the _____?
Found an error? Report a correction with this page URL and a supporting source.