Advertisements
Advertisements
Question
What do you understand by shifts of the supply curve?
Short/Brief Note
Advertisements
Solution
A shift in the supply curve occurs when supply changes as a result of changes in other factors, such as technical advancements or changes in the prices of factors of production.
A supply increase leads the supply curve to shift forward, whereas a supply reduction causes the supply curve to shift backward.
shaalaa.com
Is there an error in this question or solution?
