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प्रश्न
Due to installation of a machine with latest technology, the cost of production has decreased. It will lead to ______.
विकल्प
Expansion in supply
Increase in supply
Contraction in supply
Decrease in supply
उत्तर
Due to installation of a machine with latest technology, the cost of production has decreased. It will lead to increase in supply.
Explanation:
When the cost of production decreases due to the installation of machines with the latest technology, producers can supply more of the commodity at the same price or offer the same quantity at a lower price. This shift increases supply, so the supply curve shifts to the right.
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संबंधित प्रश्न
With the help of a diagram, explain the meaning of the increase in supply.
What is meant by shift in supply?
The following supply curve shifts from SS to S1S1. It may be due to ______.
Increase or decrease in supply means ______.
If the government of India levies excise duty on sugar, in which direction will the supply of sugar shift?
Explain three factors causing a shift of the supply curve.
What is meant by 'increase' in supply?
With the help of a diagram, define an increase in supply.
Discuss four factors which determine this phenomenon.
With the help of a diagram, define a decrease in supply.
