Complete the Correlation
1) Expansion of supply : Price rises :: Contraction of supply :……………
Ans:-Price fall.
2) Total revenue : ……. :: Average revenue : TR/TQ
Ans:- P×Q
3) Total cost : TFC + TVC :: Average revenue :………..
Ans:-TC/TQ
4) Demand curve : ……….. :: Supply curve : Upward.
Ans:- downward
5) Demand curve : ………. :: Supply curve : Upward.
Ans:- downward