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प्रश्न
Due to installation of a machine with latest technology, the cost of production has decreased. It will lead to ______.
पर्याय
Expansion in supply
Increase in supply
Contraction in supply
Decrease in supply
उत्तर
Due to installation of a machine with latest technology, the cost of production has decreased. It will lead to increase in supply.
Explanation:
When the cost of production decreases due to the installation of a machine with the latest technology, producers can supply more of the commodity at the same price or offer the same quantity at a lower price. This shift increases supply, so the supply curve shifts to the right.
APPEARS IN
संबंधित प्रश्न
In case of ______, supply falls at the same price.
The following supply curve shifts from SS to S1S1. It may be due to ______.
Which of the following factor may cause decrease in supply.
Mention the impact of advanced technology on the supply of a commodity.
A farmer grows rice and wheat. How will an increase in the price of rice affect the supply of wheat?
What do you understand by shifts of the supply curve?
Point out important factors that lead to increase in supply.
What is meant by 'increase' in supply?
What is 'decrease' in supply?
If a farmer grows rice and wheat, how will a decrease in the price of wheat affect the supply curve of rice?
