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प्रश्न
Increase or decrease in supply means ______.
पर्याय
shift of supply curve
movement along the supply curve
elastic supply
None of these
उत्तर
Increase or decrease in supply means shift of supply curve.
Explanation:
- An increase or decrease in supply refers to a change in the quantity supplied at every price level, resulting in the entire supply curve shifting to the right (increase in supply) or the left (decrease in supply).
- This differs from a movement along the supply curve, which occurs due to a change in the price of the good itself, leading to a change in the quantity supplied without shifting the curve.
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संबंधित प्रश्न
What is meant by shift in supply?
Due to installation of a machine with latest technology, the cost of production has decreased. It will lead to ______.
In the case of ______, supply falls at the same price.
If the cost of production is less than the supply will ______.
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.
With the help of a diagram, explain the meaning of a decrease in supply.
What is meant by 'increase' in supply?
How does the imposition of taxe affect the supply curve of a firm?
What effect does increased input prices have on the supply curve of a commodity? Draw a diagram to explain your answer.
