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When supply increases due to improvement in technology it is known as ______. - Economics

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Question

When supply increases due to improvement in technology it is known as ______.

Options

  • extension in supply

  • increase in supply

  • contraction of supply

  • decrease in supply

MCQ
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Solution

When supply increases due to improvement in technology it is known as increase in supply.

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Chapter 5: Supply - Law of Supply and Price Elasticity of Supply - TEST YOURSELF QUESTIONS [Page 96]

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Frank Economics [English] Class 12 ISC
Chapter 5 Supply - Law of Supply and Price Elasticity of Supply
TEST YOURSELF QUESTIONS | Q 7. | Page 96
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