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With the help of a diagram, explain the meaning of a decrease in supply. - Economics

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प्रश्न

With the help of a diagram, explain the meaning of a decrease in supply.

आकृति
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उत्तर

It is due to an increase in input prices, increases in unit tax, increases in prices of related goods and the price of the good remaining constant. Hence, an increase in the price of substitute goods will shift the supply curve to the left.

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Change in Supply (Or Shifts of Supply Curve)
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 4: Theory of Supply - Exercise [पृष्ठ १००]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 4 Theory of Supply
Exercise | Q 10. (ii) | पृष्ठ १००
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