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Mention two factors which cause decrease in supply. - Economic Applications

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प्रश्न

Mention two factors which cause decrease in supply.

टीपा लिहा

उत्तर

  1. Increase in factor price: Increase in price of factors of production will increase the cost of production due to which profit decreases. As a result, supply of this particular commodity decreases.
  2. Increase in tax rate: Increase in tax rate by government will also increase the cost of production due to which profit decreases.
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Determinants Or Factors Governing the Supply
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Theory of Supply - QUESTIONS [पृष्ठ ७२]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
पाठ 3 Theory of Supply
QUESTIONS | Q 14. | पृष्ठ ७२
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