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Extension of supply and increase in …

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Extension of supply and increase in supply - the difference

Posted by Kha Gay Mella Sara Purana Yaall ☹️??? 4 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Nishtha ?? 4 years, 9 months ago

Extension of supply happens due to change in price and other factors remain constant. Increase in supply happens when price of the commodity remains constant and other factors change. In extension of supply, the supply curve moves downwards while in the latter, the supply curve shift towards right.

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