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प्रश्न
Discuss four factors which determine this phenomenon.
उत्तर
An increase in supply may occur due to the following factors:
- Improvements in technology leading to a fall in the cost of production.
- Reduction in factor prices, causing a fall in cost of production and making production profitable.
- Decrease in the prices of other goods.
- Increase in number of firms in the industry.
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संबंधित प्रश्न
What is meant by shift in supply?
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.
With the help of a diagram, explain the meaning of a decrease in supply.
How does the imposition of taxe affect the supply curve of a firm?
How does an decrease in price of an input affect the supply curve of a firm?
With the help of a diagram, define an increase in supply.
With the help of a diagram, define a decrease in supply.
What effect does increased input prices have on the supply curve of a commodity? Draw a diagram to explain your answer.
