Identify and explain the concept : Arnav sells 80 dozens of mangoes daily at ₹ 500/- per dozen.
Q.2 (A) (i) Identify and explain the concept : Arnav sells 80 dozens of mangoes daily at ₹ 500/- per dozen.
Q.2 (A) (i) Identify and explain the concept : Arnav sells 80 dozens of mangoes daily at ₹ 500/- per dozen.
Best answer
Answer: Supply
Concept: Supply. Explanation: Supply is the quantity of a commodity that a seller is willing and able to offer for sale at a particular price during a particular period of time. Supply is always related to price and time. Here Arnav offers 80 dozens of mangoes for sale daily (time) at ₹ 500 per dozen (price), so 80 dozens per day is his supply of mangoes at that price.
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