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प्रश्न
With the help of a diagram, define an increase in supply.
उत्तर
When supply of a commodity rises due to factors other than the price of the commodity, it is called an increase in supply. This is shown in the diagram. In the figure, SS is the original supply curve. At price OP, the quantity supplied is OQ. Now when supply increases, the supply curve shifts to the right as S1S1. Producers are now willing to supply more, i.e., OQ1 at the same price as OP.
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संबंधित प्रश्न
What is meant by shift in supply?
With price being same an increase in the price of inputs will lead to ______ in the supply curve.
Which of the following factor may cause decrease in supply?
Increase or decrease in supply means ______.
If the government of India levies excise duty on sugar, in which direction will the supply of sugar shift?
Explain three factors causing a shift of the supply curve.
Define a decrease 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.
