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प्रश्न
What describes ‘contraction of supply’?
पर्याय
Decrease in supply due to other reasons
Fall in quantity supplied due to a fall in price
Leftward shift of the entire supply curve
Increase in supply at same price
MCQ
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उत्तर
Fall in quantity supplied due to a fall in price
Explanation:
Contraction of supply means a movement down along the supply curve when price falls.
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