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प्रश्न
With the help of a diagram, define a decrease in supply.
उत्तर
When supply of a commodity falls due to factors other than the price of the commodity, it is called a decrease in supply. Graphically, it implies a leftward shift of the supply curve of the commodity. In the figure, SS is the original supply curve. At OP price, OQ quantity is supplied. Now, when supply decreases, the SS curve shifts to S1S1. Quantity supplied decreases from OQ to OQ1 at the same price of OP.
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संबंधित प्रश्न
Explain three reasons for the rightward shift of the supply curve.
The following supply curve shifts from SS to S1S1. It may be due to ______.
Which of the following factor may cause decrease in supply?
Increase or decrease in supply means ______.
What do you understand by shifts of the supply curve?
Explain three determinants of a leftward shift of the supply curve.
What is meant by 'increase' in supply?
If a farmer grows rice and wheat, how will a decrease in the price of wheat affect the supply curve of rice?
How does an decrease in price of an input affect the supply curve of a firm?
What effect does increased input prices have on the supply curve of a commodity? Draw a diagram to explain your answer.
