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प्रश्न
Which of these situations violates the "ceteris paribus" (other things being constant) condition for the Law of Supply?
पर्याय
Costs of production stay the same
The firm's product line does not change
Technology used in production improves
Prices of related goods remain constant
MCQ
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उत्तर
Technology used in production improves.
Explanation:
A change in technology is an exception to the law’s assumptions, as it can affect supply independent of price.
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