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When Does ‘Increase’ in Supply Take Place? - CBSE (Arts) Class 12 - Economics

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Question

When does ‘increase’ in supply take place?

Solution

An increase in supply is caused by a positive change in the factors other than own price of the good. It includes improvement in technology and reduction in factor prices. Diagrammatically, it is shown as a forward shift in the supply curve.

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Solution When Does ‘Increase’ in Supply Take Place? Concept: Supply Curve and Schedule.
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