case studies related to supply

Dear Prachi,
The following type of case study questions can be asked from the chapter:
1. ​A firm has recently launched a wide variety of washing machines in the market. This has negatively affected the profits of the firm. With the help of economic theory analyse the impact of the given statement.
2. ​A producer produces both shoes and bags. How will an increase in the price of shoes affect the supply of bags.  
3. ​Recent earthquake in Nepal has destroyed all the produce of the farmers. Assuming perfectly competitive market, how will it affect the AR curve of an individual farmer?
You can find more such questions in our Chapter Tests and Sample Test papers.

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