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What effect does an increase in production subsidy have on the supply curve? - Economics

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प्रश्न

What effect does an increase in production subsidy have on the supply curve?

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उत्तर

An increase in production subsidy lowers the cost of production for producers, leading to a rightward shift in the supply curve, which indicates an increase in supply at every price level.

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पाठ 5: Supply - Law of Supply and Price Elasticity of Supply - TEST YOURSELF QUESTIONS [पृष्ठ ९७]

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फ्रँक Economics [English] Class 12 ISC
पाठ 5 Supply - Law of Supply and Price Elasticity of Supply
TEST YOURSELF QUESTIONS | Q 29. | पृष्ठ ९७
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