Share
Notifications

View all notifications

What is Meant by ‘Increase’ in Supply? - Economics

Login
Create free account


      Forgot password?
ConceptSupply Curve and Schedule

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.

  Is there an error in this question or solution?

APPEARS IN

Video TutorialsVIEW ALL [1]

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