Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter-4 Supply Analysis [Latest edition]
Q.2. Complete the Correlation:
1. Expansion of supply : Price rises :: Contraction of supply :Price fall.
2. Total revenue : P×Q :: Average revenue : TR/TQ
3. Total cost : TFC + TVC :: Average revenue : TC/TQ
4. Demand curve : downward :: Supply curve : Upward.
5. Demand curve : downward :: Supply curve : Upward.
