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______ represents downward movement along the same supply curve. - Economics

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Question

______ represents downward movement along the same supply curve.

Options

  • Increase in supply

  • Decrease in supply

  • Contraction of supply

  • Extension of supply

MCQ
Fill in the Blanks

Solution

Contraction of supply represents downward movement along the same supply curve.

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Change in Quantity Supplied (Or Movements Along the Supply Curve)
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Chapter 4: Theory of Supply - Exercise [Page 98]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 4 Theory of Supply
Exercise | Q 34. | Page 98
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