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प्रश्न
How does an improvement in production technology influence the supply curve of a firm?
What is the impact of the level of technology on supply?
Explain the effect of improved technology on the supply curve of a commodity.
उत्तर
Improvement in technique of production reduces the cost of production. Consequently, profits tend to increase, inducing an increase in supply and the supply curve shifts to the right.
Technological advancement → Cost ↓, → Profit ↑ → Supply ↑ → Rightward shift
संबंधित प्रश्न
Draw a supply curve.
Which of the following does not cause shift of supply curve of a good?
Identify the elasticities of the supply curves given below.
What will the following cause
| Price in Rs. | Quantity supplied in Kgs. |
| 10 | 15 |
| 20 | 40 |
When a straight-line supply curve passes through the origin, the elasticity of supply will be ______.
When a straight-line supply curve cuts the y-axis, the elasticity of supply will be ______.
Give two reasons for the positive slope of the supply curve.
Draw supply curve of the following situation:
Elasticity of supply = 0
Study the graph and identify the supply curves S1 and S3 with respect to its time elements.
How does a increase in the number of firms in a market affect the market supply curve?
