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What is meant by 'increase' in supply? - Economic Applications

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Question

What is meant by 'increase' in supply?

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Solution

Increase in supply refers to a rise in the supply of a commodity caused due to any factor other than the own price of the commodity.

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Chapter 3: Theory of Supply - QUESTION BANK [Page 75]

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Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 3 Theory of Supply
QUESTION BANK | Q 15. | Page 75
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