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What is expansion of supply? - Economics

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प्रश्न

What is expansion of supply?

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उत्तर

The term 'expansion (extension) of supply' refers to an increase in the quantity provided of a product when the price of that product itself increases but other factors affecting supply stay the same.

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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 24. | पृष्ठ ९७
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