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With the help of a diagram, explain the meaning of the increase in supply. - Economics

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प्रश्न

With the help of a diagram, explain the meaning of the increase in supply.

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उत्तर

It is due to technological advancement, decreases in input prices, decreases in unit tax, decreases in prices of other related goods and the price of the good remaining constant. Hence, the decrease in the price of substitute goods will shift the supply curve to the right, as given below.

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Change in Supply (Or Shifts of Supply Curve)
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 4: Theory of Supply - Exercise [पृष्ठ १००]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 4 Theory of Supply
Exercise | Q 10. (i) | पृष्ठ १००
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