Advertisements
Advertisements
Question
In the case of ______, supply falls at the same price.
Options
Decrease in supply
Contraction in supply
Increase in supply
Expansion in supply
Solution
In the case of decrease in supply, supply falls at the same price.
Explanation:
A decrease in supply refers to a situation where the quantity supplied falls even though the price remains the same. This can occur due to higher production costs, unfavourable technological changes, or other factors affecting production. A leftward shift of the supply curve represents this.
APPEARS IN
RELATED QUESTIONS
Explain three reasons for the rightward shift of the supply curve.
With price being same an increase in the price of inputs will lead to ______ in the supply curve.
The following supply curve shifts from SS to S1S1. It may be due to ______.
If the government of India levies excise duty on sugar, in which direction will the supply of sugar shift?
Explain three factors causing a shift of the supply curve.
Define a decrease in supply.
What causes a downward movement along a supply curve?
What is meant by 'increase' in supply?
If a farmer grows rice and wheat, how will a decrease in the price of wheat affect the supply curve of rice?
Discuss four factors which determine this phenomenon.
