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प्रश्न
Which one of the following will cause a rise in the equilibrium price of rice when the demand for rice remains the same?
विकल्प
Government subsidy to rice farmers.
Successful advertising campaign for rice.
Improved rice farming methods.
Poor weather conditions.
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उत्तर
Poor weather conditions.
Explanation:
Rice productivity will fall due to unfavourable weather conditions, shifting the supply curve to the left. Equilibrium prices will rise when the supply curve shifts to the left.
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संबंधित प्रश्न
Explain the difference between "Shift of Supply Curve" and "Movement along Supply Curve". State one factor responsible for each. Use diagrams.
When does 'shift' in supply curve take place?
Which of the following does not cause shift of supply curve of a good?
(Choose the correct alternative)
(a) Price of input
(b) Price of the good
(c) Goods and services tax
(d) Subsidy
Fill in the blank.
If the market supply of a commodity X changes due to improvement in technology, the market supply curve will ___________.
An increase in the number of firms in the market causes a rightward shift in the market supply curve, but the individual supply curve may shift leftward. Justify the statement.
What does movement along the supply curve mean?
What causes a shift of the supply curve?
What does a rightward shift in the supply curve represent?
Which factor will likely cause a decrease (left shift) in supply?
What best describes contraction of supply?
If input costs rise, what happens to the supply curve?
Which is NOT a factor causing a supply curve shift?
If producers expect prices to fall in the future, what is the likely result?
What happens to quantity supplied when the supply curve shifts left?
