Advertisements
Advertisements
Question
What is meant by 'increase' in supply?
Solution
Increase in supply refers to a rise in the supply of a commodity caused due to any factor other than the own price of the commodity.
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.
Which of the following factor may cause decrease in supply?
Increase or decrease in supply means ______.
What do you understand by shifts of the supply curve?
If the government of India levies excise duty on sugar, in which direction will the supply of sugar shift?
What causes a downward movement along a supply curve?
How does the imposition of taxe affect the supply curve of a firm?
Discuss four factors which determine this phenomenon.
What effect does increased input prices have on the supply curve of a commodity? Draw a diagram to explain your answer.
