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Question
If a farmer grows rice and wheat, how will a decrease in the price of wheat affect the supply curve of rice?
One Line Answer
Solution
Supply curve of rice will shift to the right.
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Shift in Supply Curves
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RELATED QUESTIONS
The following supply curve shifts from SS to S1S1. It may be due to ______.
Which of the following factor may cause decrease in supply.
Match the following and select the correct option.
| Column I | Column II |
| (i) Expansion of supply | (A) Prices are expected to fall in future |
| (ii) Decrease in supply | (B) Fall in prices |
| (iii) Contraction of supply | (C) Prices are expected to rise in future |
| (iv) Increase in supply | (D) Rise in prices |
Define increase in supply.
Point out important factors that lead to increase in supply.
Discuss four factors which determine decrease in supply phenomenon.
What causes a downward movement along a supply curve?
What causes an upward movement along the supply curve of a commodity?
How does the imposition of tax affect the supply curve of a firm?
Explain any two causes of decrease in supply of a commodity.
