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प्रश्न
With the help of a diagram, define increase in supply.
उत्तर
When supply of a commodity rises due to factors other than price of the commodity, it is called 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, supply curve shifts, to the right as S1S1. Producers are now willing to supply more, i.e., OQ1 at the same price of OP.
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संबंधित प्रश्न
The following supply curve shifts from SS to S1S1. It may be due to ______.
Increase or decrease in supply means ______.
Match the following and select the correct option.
| Column I | Column II |
| (i) Expansion of supply | (A) Prices are expected to fall in future |
| (ii) Decrease in supply | (B) Fall in prices |
| (iii) Contraction of supply | (C) Prices are expected to rise in future |
| (iv) Increase in supply | (D) Rise in prices |
What will be the effect of raising production subsidies on the supply of a commodity?
If Government of India bans the production of plastic bags, how will the supply curve be affected?
What do you understand by shifts of the supply curve?
Point out important factors that lead to increase in supply.
What causes a downward movement along a supply curve?
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?
