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What is meant by change in …

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What is meant by change in supply ? How does a cost saving technology progress After market price and the quantity exchange of a commodity.

Posted by Sher Afgan Khan 7 years ago

CBSE > Class 12 > Economics

1 answers

Ritu Manon 7 years ago

Change in supply is when supply changes due to change in factors other than own price of the commodity . It causes shift in supply curve. Cost saving technology will cause fall in cost of production which inturn gives rise to profit margin causing rise in supply. Hence supply curve will shift rightward

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