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What do you understand by shifts of the supply curve? - Economics

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प्रश्न

What do you understand by shifts of the supply curve?

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उत्तर

A shift in the supply curve occurs when supply changes as a result of changes in other factors, such as technical advancements or changes in the prices of factors of production.

A supply increase leads the supply curve to shift forward, whereas a supply reduction causes the supply curve to shift backward.

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Change in Supply (Or Shifts of Supply Curve)
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अध्याय 4: Theory of Supply - Exercise [पृष्ठ ९८]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 4 Theory of Supply
Exercise | Q 13. | पृष्ठ ९८
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