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प्रश्न
Fill in the blank with appropriate alternative given below
When the price rises, there is __________ of supply.
विकल्प
extension
contraction
decrease
increase
MCQ
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उत्तर
When the price rises, there is extension of supply.
Explanation:
When supply rises as a result of rise in price, it is known as extension in supply. Graphically, it is represented by an upward movement along the supply curve.
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