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Complete the following statement: An upward movement along the same supply curve shows _______. - Economics

MCQ

Complete the following statement:

An upward movement along the same supply curve shows _______.

Options

  • contraction of supply

  • decrease in supply

  • expansion of supply

  • increase in supply

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Solution

An upward movement along the same supply curve shows expansion of supply.

Concept: Exceptions to the Law of Supply
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 4 Supply Analysis
Exercise | Q 1. (2) | Page 44
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