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Distinguish Between: Expansion of supply and Contraction of supply - Economics

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प्रश्न

Distinguish Between:

Expansion of supply and Contraction of supply

Distinguish between the following.

Extension of supply and contraction of supply.

फरक स्पष्ट करा

उत्तर

Sr. No. Expansion of supply Contraction of supply
1. Expansion of supply refers to the rise in the quantity supplied of a commodity only due to a rise in its price. Contraction in supply refers to a fall in the quantity supplied of a commodity only due to a fall in its price.
2. Extension in supply takes place only due to a rise in price. All other factors are constant and have no effect on the supply of the commodity. Contraction takes place only due to a fall in price. All other factors are constant and have no effect on the supply of the commodity.
3. It is shown by an upward movement along the same supply curve. It is shown by a downward movement along the same supply curve.
4.  In expansion in supply, the equilibrium point moves upwards from the left to the right on the same supply curve. In contraction in supply, the equilibrium point moves downwards from the right to the left on the same supply curve.
4.
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पाठ 5: Producer's Behaviour - Exercise 3 [पृष्ठ ४५]

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मायकल वाझ Economics [English] 12 Standard HSC
पाठ 5 Producer's Behaviour
Exercise 3 | Q 1.3 | पृष्ठ ४५

संबंधित प्रश्‍न

Complete the following statement:

An upward movement along the same supply curve shows _______.


Complete the following statement:

Other factors remaining constant, when less quantity is supplied only due to a fall in price, it shows ________.


Complete the correlation:

Expansion of supply : Price rises :: Contraction of supply : _______


An upward movement along the same supply curve shows ______.


Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______.


Complete the correlation:

Expansion of supply : Upward movement : : ______ : Downward movement.


Study the following diagram and answer the questions:

Questions:

  1. When the price rises from 10 to 15, supply rises from 12 to `square`.
  2. When the price falls from 25 to 20, supply falls from 30 to `square`.
  3. The movement of the equilibrium point from B to C indicates the `square` of supply.
  4. The movement of the equilibrium point from E to D indicates the `square` of supply.

Complete the Correlation :

Expansion of supply: Price rises:: Contraction of supply: _______


Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______


Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______.


Complete the Correlation:

Expansion of supply : Price rises : : Contraction of supply : ______.


Complete the Correlation:

Expansion of supply: Price rises :: Contraction of supply : ______.


Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______ 


Complete the Correlation.

Expansion of supply : Price rises :: Contraction of supply : ______


A rightward shift in the supply curve shows ______.


Complete the Correlation.

Expansion of supply : Price rises :: Contraction of supply : ______


Complete the correlation:

Expansion of supply : Price rises :: Contraction of supply : ______.


Complete the Correlation:

Expansion of supply : Price rises :: Contraction of supply : ______


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