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प्रश्न
Increase or decrease in supply means ______.
विकल्प
shift of supply curve
movement along the supply curve
elastic supply
None of these
उत्तर
Increase or decrease in supply means shift of supply curve.
Explanation:
- An increase or decrease in supply refers to a change in the quantity supplied at every price level, resulting in the entire supply curve shifting to the right (increase in supply) or the left (decrease in supply).
- This differs from a movement along the supply curve, which occurs due to a change in the price of the good itself, leading to a change in the quantity supplied without shifting the curve.
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संबंधित प्रश्न
The following supply curve shifts from SS to S1S1. It may be due to ______.
If the cost of production is less than the supply will ______.
What do you understand by shifts of the supply curve?
If the government of India levies excise duty on sugar, in which direction will the supply of sugar shift?
Explain three determinants of a leftward shift of the supply curve.
With the help of a diagram, explain the meaning of a decrease in supply.
How does an decrease in price of an input affect the supply curve of a firm?
Discuss four factors which determine this phenomenon.
With the help of a diagram, define a decrease in supply.
What effect does increased input prices have on the supply curve of a commodity? Draw a diagram to explain your answer.
