Advertisements
Advertisements
प्रश्न
When does 'decrease' in supply take place?
Advertisements
उत्तर
A decrease in supply is caused by adverse change in the factors other than own price of the good. It includes fall in efficiency of technology and increase in factor prices. Diagrammatically, it is shown as a backward shift in the supply curve.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
