Which Of The Following Is Consistent With The Law Of Supply?
Marvin Harvey
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Answer: d. An increase in market price will lead to an increase in quantity supplied. When all else is constant, the law of supply states that the price and the quantity supplied have a direct relationship. If the market price of the output increases, the quantity supplied also increases.
Which of the following consistent with the law of demand?
Answer: The increase in the quantity of goods and services purchased due to a reduction in the market price is consistent with the law of demand.
Which statement is not consistent with the law of supply?
Which statement is not consistent with the law of supply? Quantity supplied of a good is inversely related to the good’s price. If supply and demand both shift to the right, equilibrium quantity: rises, but the equilibrium price may rise, fall, or stay the same.
What is an example of law of supply?
What Is a Good Example of the Law of Supply? – The law of supply summarizes the effect price changes have on a producer’s behavior. For example, a business will make more of a good (such as TVs or cars) if the price of that product increases. So, if the price of TVs increases, TV producers are incentivized to produce more of them.
Which of the following is the relation that the law of demand depends Mcq?
Law of demand is a fundamental principle of Economics, it states that quantity demanded is always inversely related to the price of the goods. Answer: b.
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Which of the following statement is inconsistent with Say’s law Mcq?
Which of the following statements is inconsistent with Say’s law? –
The economy has flexible wages and prices. | |
The economy will produce at the full-employment level of output. | |
The economy’s investment spending depends solely on the level of income. | |
The economy has an environment of “laissez faire.” |
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Which of the following statements is the best statement for the law of supply?Answer and Explanation: Option d. Price and quantity supplied are directly related, ceteris paribus. This option is correct because the law of supply states that there exists one to one relationship between price and quantity supplied. Which of the following factors remain constant in the law of supply?Assumptions to the law of supply: cost of all factors of production remains constant. The technology level remains constant. What is called law of supply?Suggest a new Definition Proposed definitions will be considered for inclusion in the Economictimes.com (##include msid=4006719,type=11 ##) Definition: Law of supply states that other factors remaining constant, price and quantity supplied of a good are directly related to each other. The above diagram shows the supply curve that is upward sloping (positive relation between the price and the quantity supplied). When the price of the good was at P3, suppliers were supplying Q3 quantity. As the price starts rising, the quantity supplied also starts rising. Snapshot: This is how the law of supply works. What does the law of supply?The law of supply is a fundamental concept in microeconomics that governs supply at a given price. The law of supply states that when the market price of a good increases, suppliers will increase the supply of that good. And when the price decreases, the quantity they will supply decreases. What defines law of supply?The law of supply states that a higher price leads to a higher quantity supplied and that a lower price leads to a lower quantity supplied. Supply curves and supply schedules are tools used to summarize the relationship between supply and price. Which of the following are determinants of demand for a product or service Mcq?Those determinants are: Income of the buyer. Consumer trends and tastes. Expectations of future price, supply, needs, etc. The price of related goods. Which of the following is correct expression of the first law of thermodynamics Mcq?First law of thermodynamics MCQ – Objective Question Answer for First law of thermodynamics Quiz – Download Now! When a gas is compressed suddenly then its temperature
Let’s discuss the concepts related to and First law of thermodynamics. Explore more from here. Learn now! The correct answer is option 1) i.e. Raises, Key Points
India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students Which of the following statements is correct, in case of adiabatic expansion?
Concept:
Explanation:
India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students An ideal gas undergoes cyclic process ABCDA as shown in given P-V diagram (Fig.12.4). The amount of work done by the gas is
India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students 1 g of water, of volume 1 cm 3 at 100°C, is converted into steam at same temperature under normal atmospheric pressure (≃1 × 10 5 Pa).
India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students A system absorbs 50 J of heat and does 11 J of work in a process. The system follows a different thermodynamic path between the same initial and final states and does 15 J work, the heat transferred in the process is
As another statement says that system follows a different thermodynamic path between the same initial and final states and does 15 J work here as work done by the system. ⇒ Supplied heat to the system is a change in internal energy plus work done to the system. ∴ Supplied heat = 39 + 15 = 54 J India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students _ of thermodynamics is used to understand the concept of energy conservation.
Concept: The zeroth law of thermodynamics states that if two thermodynamic systems are each in thermal equilibrium with a third, then they are in thermal equilibrium with each other. This law is the basis for the temperature measurement, The first law of thermodynamics states that energy cannot be created or destroyed in an isolated system; energy can only be transferred or changed from one form to another. The first law of thermodynamics is a restatement of the law of conservation of energy i.e., According to the first law of Thermodynamics: ΔQ = ΔW + ΔU Now the First Law of Thermodynamics helped us in understanding the principle of conservation of energy, whereas according to the Second Law of thermodynamics for natural system heat always flows in one direction (higher temperature to lower temperature body) unless it aided by an external factor.
India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students The heat given to an ideal gas in isothermal conditions is used to:
Option 2 : do external work CONCEPT : First Law of Thermodynamics:
i.e ΔQ = ΔU + ΔW It makes no distinction between work and heat as according to it the internal energy (and hence temperature) of a system may be increased either by adding heat to it or doing work on it or both, EXPLANATION :
⇒ ΔQ = 0 + ΔW = ΔW Therefore, the heat given to an ideal gas in isothermal conditions is used to do external work, Hence option 2 is correct. India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students 110 joule of heat is added to a gaseous system, whose internal energy is 40 J. Then the amount of external work done is Concept :
India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students If we had a system on which 10 J of work is done and the internal energy change of the system is 3.5 J, in this case, the amount of heat loss/gain by the system will be?
CONCEPT : The first law of thermodynamics is a restatement of the law of conservation of energy. It states that energy cannot be created or destroyed in an isolated system; energy can only be transferred or changed from one form to another. When heat energy is supplied to a gas, two things may occur:
According to the first law of Thermodynamics : ΔQ = ΔW + ΔU i.e., When a process is executed by a system, the change in stored energy of the system is numerically equal to the net heat interaction minus the network interaction during the process:
Thus from the above explanation, we can see that according to the first law of thermodynamics heat exchange for a system is the sum of work done by the system and internal energy of molecule or atoms. i.e., ΔQ = ΔW + ΔU ΔQ = -10 + 3.5 = -6.5 J
i.e., If work is done on the system, its sign is positive, If work is done by the system, its sign is negative India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students During an adiabatic expansion of 3 moles of a gas, the change in internal energy was found to be equal to – 100 J.
India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students A particular system gains 200 kJ of heat, and results in a change in internal energy of 129 kJ. Calculate the work done.
The correct answer is option 2) i.e. + 71 kJ CONCEPT :
India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students The internal energy change for a system is + 20 Cal and the work done is – 200 Cal. Find the heat exchanged between the system and the surrounding.
CONCEPT :
India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students The first law of thermodynamics in an isothermal process is represented by- (ΔQ = heat exchanged, Δ W = work done, and ΔU = Internal energy change).
CONCEPT :
Isothermal process : When a thermodynamic system undergoes a physical change in such a way that its temperature remains constant, then the change is known as an isothermal process,
India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students The heat given to a thermodynamic system is 200 J and work done by the system is 100 J. Find the change in internal energy of the system. CONCEPT :
India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students A diatomic gas does 80 J of work when compressed isobarically. The heat given to the gas during this process is CONCEPT: Work: The energy required to move a system or body or anything against a force is called work.
India’s #1 Learning Platform Start Complete Exam Preparation Daily Live MasterClasses Practice Question Bank Mock Tests & Quizzes Trusted by 3.5 Crore+ Students : First law of thermodynamics MCQ – Objective Question Answer for First law of thermodynamics Quiz – Download Now! Is Say’s law consistent with quantity theory of money?Assumptions: – The classical quantity theory of money is based on two fundamental assumptions: First is the operation of Say’s Law of Market. Say’s law states that, “Supply creates its own demand.” This means that the sum of values of all goods produced is equivalent to the sum of values of all goods bought. Which system is always consistent Mcq?Homogeneous system of linear equations is always consistent. Which of the following is the best example of the law of supply?Answer and Explanation: A sandwich shop increases the number of sandwiches they supply every day when the price is increased. Law of supply states that as the price of good increases the quantity supplied by the producer also increases. Which statements are true according to the law of supply quizlet?Which statements are true according to the law of supply? A decrease in price leads to a decrease in supply. An increase in price leads to an increase in supply. Which phrase describes the substitution effect? Which relationship is the best example of the law of supply quizlet?Which relationship is the BEST example of the Law of Supply? The quantity of a good supplied rises as the price rises. Which statement is consistent with the law of demand select?Which statement is consistent with the law of demand? A reduction in market price will lead to an increase in quantity demanded. Which of the following is consistent with the law of demand a A decrease in the price of a gallon of milk causes a decrease in the quantity of milk demanded?The correct Option is (iii) An increase in the price of soda causes a decrease in the quantity of soda demanded. The law of demand expresses the inverse functional relationship between the variables such as price and quantity demanded of a commodity. Which is the correct law of demand?The law of demand states that as the price of a good decreases, the quantity demanded of that good increases. In other words, the law of demand states that the demand curve, as a function of price and quantity, is always downward sloping. |