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प्रश्न
The year 2023 was celebrated as 'International Year of Millets' and the government decided to subsidize the production of millets. In such case the supply curve will _______.
विकल्प
Shift to the right
Shift to the left
Be horizontal
Be vertical
उत्तर
The year 2023 was celebrated as 'International Year of Millets' and the government decided to subsidize the production of millets. In such case the supply curve will shift to the right.
Explanation:
Farmers will be able to produce more at the same price since the cost of producing millets will be lower with the assistance of government subsidies. This will cause the supply curve to shift to the right.
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