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प्रश्न
In case of ______, supply falls at the same price.
पर्याय
Decrease in supply
Contraction in supply
Increase in supply
Expansion in supply
उत्तर
In case of decrease in supply, supply falls at the same price.
Explanation:
A decrease in supply refers to a situation where the quantity supplied falls even though the price remains the same. This can occur due to higher production costs, unfavourable technological changes, or other factors affecting production. A leftward shift of the supply curve represents this.
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संबंधित प्रश्न
Match the following and select the correct option.
Column I | Column II |
(i) Expansion of supply | (A) Prices are expected to fall in future |
(ii) Decrease in supply | (B) Fall in prices |
(iii) Contraction of supply | (C) Prices are expected to rise in future |
(iv) Increase in supply | (D) Rise in prices |
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