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Question
If Government of India bans the production of plastic bags, how will the supply curve be affected?
Options
The supply curve would shift to the right.
The supply curve would shift to the left.
The supply curve would not shift in any direction.
The supply would become vertical.
Solution
The supply would become vertical.
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RELATED QUESTIONS
In case of ______, supply falls at the same price.
Increase or decrease in supply means ______.
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 |
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