Question

Define increase in supply. How is it different from extension of supply?

Answer 1

Explanation:

When the price of a commodity increases its quantity supplied also increases it is called the extension of supply. In opposite process, when the price of commodity decreases, the quantity supplied of it also decreases it is called the contraction of supply. It leads to the law of supply.

Answer 2

Answer:

when the prices increase in supply for the extension of supply