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What is Meant by ‘Increase’ in Supply? - CBSE (Commerce) Class 12 - Economics

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Question

What is meant by ‘increase’ in supply? 

Solution

When the supply of a good increases due to a favourable change in the factors other than the price of the good (such as a rise in the price of substitute good, appreciation of technology level, etc.), then it is called increase in supply.

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Solution What is Meant by ‘Increase’ in Supply? Concept: Supply Curve and Schedule.
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