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प्रश्न
With the help of a diagram define decrease in supply.
उत्तर १
If quantity supplied of the commodity falls due to change in other factors, it is called decrease in supply.
उत्तर २
When supply of a commodity falls due to factors other than the price of the commodity, it is called 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, SS curve shifts to S1S1. Quantity supplied decreases from OQ to OQ1 at the same price of OP.
संबंधित प्रश्न
Which of the following factor may cause decrease in supply.
Increase or decrease in supply means ______.
If Government of India bans the production of plastic bags, how will the supply curve be affected?
If the government of India levies excise duty on sugar, in which direction will the supply of sugar shift?
Discuss four factors which determine decrease in supply phenomenon.
Distinguish between contraction in supply and increase in supply of a commodity.
What is 'decrease' in supply?
How does the imposition of tax affect the supply curve of a firm?
With the help of a diagram, define increase in supply.
Explain any two causes of increase in supply of a commodity.
