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Questions
Define a decrease in supply.
What is 'decrease' in supply?
Solution
A decrease in supply refers to a fall in the supply of a commodity caused due to any factor other than the own price of the commodity.
RELATED QUESTIONS
Explain three reasons for the rightward shift of the supply curve.
In the case of ______, supply falls at the same price.
Which of the following factor may cause decrease in supply?
If the cost of production is less than the supply will ______.
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Explain three factors causing a shift of the supply curve.
How does the imposition of taxe affect the supply curve of a firm?
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What effect does increased input prices have on the supply curve of a commodity? Draw a diagram to explain your answer.
