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Define a decrease in supply. - Economics

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Questions

Define a decrease in supply.

What is 'decrease' in supply?

Definition
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Solution

A decrease in supply refers to a fall in the supply of a commodity caused due to any factor other than the own price of the commodity.

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Chapter 4: Theory of Supply - Exercise [Page 100]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 4 Theory of Supply
Exercise | Q 8. (i) | Page 100
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 4 Theory of Supply
QUESTION BANK | Q 16. | Page 101
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