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Which of the following factor may cause decrease in supply? - Economics

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प्रश्न

Which of the following factor may cause decrease in supply?

विकल्प

  • Fall in price of given product

  • Fall in price of factors of production

  • Decrease in number of firms

  • Expected fall in the price of given product in future

MCQ
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उत्तर

Decrease in number of firms

Explanation:

A decrease in the number of firms in the market would reduce the overall market supply, leading to a decrease in supply. This is because fewer firms would produce the product, reducing the quantity available for sale at any given price.

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अध्याय 4: Theory of Supply - Exercise [पृष्ठ ९६]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 4 Theory of Supply
Exercise | Q 12. | पृष्ठ ९६
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