navbar brand

Question

2 Apr 2023, Sun
  • Applications
    Dictionary
    Quiz
    Converter
  • User Profile
    • image profile

      Hello Guest 👋 !

      Login Register
UI
Namaste, Guest Become a member?
  • Login
  • Register
  • Ask Question
  • Questions

    • Ask Question
    • All Subjects
    • Accountancy
    • Astronomy
    • Biology
    • Business Studies
    • Chemistry
    • Computer
    • Digital Marketing
    • Economics
    • Engineering Aptitude
    • English
    • Entertainment
    • Environment
    • Geography
    • Geology
    • Health
    • History
    • Language
    • Math
    • Nepali
    • Optional Math
    • Physics
    • Population
    • Social Studies
    • Super Natural
    • The Heritage of Words
  • Quick Access

    • Home
    • Questions
    • Profile
  • Exam Capsule

    • All Entrances
    • IOE Entrance
    • SEE Model Set
  • MCQ

    • GK Practice
    • Categories
    • Exam
    • Submit Quiz
  • Articles

    • Essay Contest
    • Latest
    • Health
    • Education
    • Sports
    • Abroad
    • Politics
    • Environment
    • Technology
  • Institutes

    • All Institutes
    • Schools
    • High Schools
    • Colleges
    • Tuition Centers
    • Library
  • Notices

    • Admission Open
    • Result
    • Loksewa
  • Top Topics

    • Electricity
    • Computer Fundamentals
    • Pressure
    • Heat
    • Waves
Toolbox
  • Dictionary
    Dictionary
  • Calculator
    Calculator
Bipina Poudel
3 years ago Grade -12 (NEB) > Management Economics

“Demand and supply are like two blades of a pair of scissors”

 “Demand and supply are like two blades of a pair of scissors”. give reason for this stament.

Share My Answer
  • “Demand and supply are like two blades of a pair of scissors”.
  • “Demand and supply are like two blades of a pair of scissors”. give reason
  • “Demand and supply are like two blades of a pair of scissors”.why?
1

1 Answer

Bipina Poudel
3 years ago Answer Link CTEVT > Diploma/PCL > PCL In Medical Lab Technology Revised 2019

 The given statement is correct. Both the blades of a pair of scissors are equally important to cut a piece of cloth. Similarly, both demand and supply are needed for determining price in the market. There is no use for the demand for a product if there is no supply for the product and supply is not needed if there is no demand for the product. One of the two may play more active role in price determination in the short run. But, both are needed to determine the price in the long run.

1

Comments

Topics from Economics

Cost and Revenue Curves 6

Related Questions

  • Explain the average and marginal cost with a diagram. 1

  • Write the meaning of various concepts of cost. Explain them. 1

  • Explain the meaning and nature of total variable cost along with diagram 1

  • Explain the meaning and nature of total cost along with diagram 1

  • The concept and features of total cost in short run 1

  • Differences between total fixed cost and total variable cost 1

  • Differences between a Movement along and Shift in the Demand curve. 1

  • Differences between Movement along a supply curve and shift in the supply curve 1

  • Definition of Long run cost 1

  • Definition of Short-Run Cost 1

Popular Tags: 7 Days

  • development
  • political change
  • mediterranean climate region
  • winter rainfall
  • compound interest
  • Advantages of saving
  • egg sinks in pure water but floats in the salt solution
  • Cooperative
  • principles
  • functions of Legislature
  • secular
  • secular country
  • secularism
  • secularism in nepal

Upcoming MCQs

MCQ Online Exam

Computer Fundamental Multiple Choice Questions Exam Free

  • 2022-03-20 12:45
  • 60 Mins
  • 12 Enrolled
  • 25 Full Marks
  • 10 Pass Makrs
  • 25 Questions

Search

Quick Links
  • About Us
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • Advertise With Us
  • FAQs
Our Products
  • Educational Institutes
  • Question & Answers Community
  • Online Course/Notes
  • Educational Utilities
  • Social Networking
  • Educational Store
Contact Us
Address:
Pryag Pokhari, Lagankhel, Lalitpur Nepal
Email:
[email protected]
Phones:
9745619281 or +977-9840704915

PathshalaNepal.com is a Registered Company of E. Pathshala Pvt Ltd Nepal. Registration number : 289280

© 2020. All right Reversed.E. Pathshala Pvt Ltd