English

Due to installation of a machine with latest technology, the cost of production has decreased. It will lead to: -

Advertisements
Advertisements

Question

Due to installation of a machine with latest technology, the cost of production has decreased. It will lead to:

Options

  • Expansion in supply

  • Increase in supply

  • Contraction in supply

  • Decrease in supply

MCQ

Solution

Increase in supply

Explanation:

Because of the installation of a machine with cutting-edge technology, the cost of manufacturing has decreased, resulting in a rise in supply of the commodity, and the supply curve has shifted to the right.

shaalaa.com
Aggregate Supply and Its Components
  Is there an error in this question or solution?
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×