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प्रश्न
Explain any two causes of increase in supply of a commodity.
टीपा लिहा
उत्तर
- Reduction in factor price: It will decrease the cost of production due to which profit increases in this situation, the supplier will increase the supply of the commodity.
- Decrease in taxation: Decrease in taxes by government will also decrease the cost of production due to which profit increases. In this situation, the supplier will increase the supply of the commodity.
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Shift in Supply Curves
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