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प्रश्न
Other things remaining unchanged, change in supply due to increase in price is called ______.
विकल्प
Contraction of supply
Expansion of supply
Decrease in supply
Increase in supply
उत्तर
Other things remaining unchanged, change in supply due to increase in price is called Expansion of supply.
Explanation:
When the price of a commodity increases and other factors remain unchanged, the quantity supplied typically increases as well. This increase in quantity supplied in response to a price increase is referred to as an expansion of supply.
संबंधित प्रश्न
State and explain the law of supply with exceptions.
State with reason whether you agree or disagree with the following statement:
There is a direct relationship between price and quantity supplied.
The relationship between the price of a commodity and the supply of commodity is
What are the reasons for upward sloping supply curve?
What are the factors governing the elasticity of supply?
What are the functions of Entrepreneur?
State and explain the elasticity of supply.
Examine the Law of Variable Proportions with the help of a diagram.
Elucidate the Laws of Returns to Scale. Illustrate.
Law of supply states that ______.
Assertion (A): Law of Supply is a qualitative statement.
Reason (R): Law of Supply indicates the magnitude of change in the quantity supplied.
The producers prefer to supply more when prices are ______.
Explain the law of supply.
State and explain the law of supply with the help of a diagram.
What does the Law of Supply state?
What is supply function?
