【正文】 Q 3) What are the factors that affect market supply ?Change in Supply – Change in quantity supplied occurs due to change in price and change in supply occurs due to change in other factors other than price.Q 1) What causes the downward movement on the supply curve?Q 2) What causes upward movement on the supply curve ?Q 3) What do you mean by movement along the same supply curve ?Q 4) What is meant by change in quantity supplied ?Q 5) What is the difference between change in supply and change in quantity supplied ?Q 6) What causes rightward shift of the supply curve ?Q 7) What causes leftward shift of supply curve ?Q 8) What will be the effect of increase in number of forms on the market supply curve of the modity ?Q 9) Due to improvement in the technology the marginal cost of production goes down. How will this affect the supply curve of the modity ?Q 10) What will be the affect of increase in cost of production of a modity on the supply curve of that modity ?Q 11) If government increases the excise tax on the modity what will be the effect of it on the supply curve ?Q 12) If same resources are used for the production of two modities, increase in price of one will affect the supply curve of other. How ?Q 13) Differentiate increase in supply and decrease in supply ?Q 14) What are the points of difference in decrease in supply and contraction in supply ?Q 15) Distinguish between increase in supply and extension in supply ?Q 16) Differentiate between extension and contraction in supply ?Price Elasticity of Supply Es measures percentage change in the quantity supplied of a modity due to change in its price.Q 1) Define Es ?Q 2) What is the formula for calculating Es ?Q 3) What does price elasticity of supply measure ?Q 4) Draw the supply curve of unitary elasticity ?Q 5) What is the price elasticity associated with a straight line curve starting from the point of origin and making an angle of 450 with ox axis ?Q 6) Draw a supply curve with elasticity less than 1 ?Q 7) When is the supply of a modity called elastic ?Q 8) What is the price elasticity associated with with the supply curve that is vertical ?Q 9) What is Es of a curve passing through the point of origin making the angle of 750 with ox axis ?Q 10) Es of a modity is . Is it’s supply curve elastic or inelastic. Give reasons why ?Q 11) In the diagram given below mark the Es of different curves. ? Y O X Q 12) Define Es. Draw a diagram with five types of supply curves of different elasticity ?Determinants of EsQ 1) What are the different determinants of Es ?Q 2) How does time period affect the elasticity of supply ?Q 3) If time period is short how wil it affect the Es of the modity ?Q 4) If the time period is long how will it affect the Es of the modity ?Q 5) What is the Es of perishable goods ?Q 6) How does production capacity affects the Es of the modity ?Q 7) How does technique and method of production affects the Es of the modity ?Q 8) If the producer expect price rise how will it affect the Es of the modity?Q 9) If an industry is producing many modities how the price fall in other modity will affect the Es of the modity in question ?Q 10) What is the meaning of perfectly elastic supply and perfectly inelastic supply ?Q 11) Define Es. Explain the percentage method of measuring it ?Q 12) Explain the geometric method of measuring Es ?Q 13) If two supply curves A and B intersect each other which one has higher price elasticity at the point of intersection.MARKETMarket is a mechanism by which buyer and seller interact to determine price and quanitity of a good or service. Features of Market1) Commodity 2) Buyers amp。 Sellers 3) Communications 4) Place or AreaQ 1) Define a market ?Q 2) Name two different forms of market ?Q 3) Give one example of perfect petitive market ?Q 4) Name any two forms of imperfectly petitive market ?Perfect CompetitionPerfect petition is defined as a market structure in which individual form cannot influence the prevailing market price of the product on its own.Q 1) Define Perfect Competition ?Q 2) What is perfect markets and what are its conditions ?Q 3) What atre the necessary conditions for perfect petition to prevail in the market ? Q 4) IN which market forms the products are homogeneous ?Q 5) Explain the term homogenous ?Q 6) Explain a feature of large number of buyers and sellers in perfect petitive marketQ 7) industry price maker and firm is price taken. Explain ?Q 8) How is the supply curve of a firm determined under perfect petition ?Q 9) Explain the nature of AR/MR/D/P curves under perfect petition?Q 10) Explain the free entry and free exit feature of the perfect petition ?Q 11) What is the implication of perfect knowledge in perfect petitive market ?Q 12) What is the implification of perfect mobility of factors of production ?Q 13) What is the shape of demand curve under perfect petitive market ?Q 14) Can a firm under perfect petition incur losses. Explain ?Q 15) Prove that under perfect petitive market in the long run, the price of the modity is equal to LAC and LMC and price cannot be higher or lower than the minimum average cost and all the firms would be earning zero abnormal profits or normal profits.Q 16) Compare perfect petition with monopolistic petition ?Q 17) Compare perfect petition with monopoly?MONOPOLYIN monopoly market thee is no close substitute to the monopoly product or service available in the market.Q 1) Define monopoly ?Q 2) How many firms are three in a monopoly market ?Q 3) Explain the condition in a monopoly in the market ?Q 4) What are patent right ?Q 5) What is patent life ?Q 6) What is the implication of barriers to entry in monopoly market formQ 7) What is cartel ?Q 8) What is the shape of D curve under monopoly ?Q 9) What are the sha