Economy, asked by vandanapayasi11, 4 months ago

explain contraction is supply ?

Answers

Answered by anmol1383

2

Answer:

When the supply of a commodity rises only due to increase in the price of the commodity, then it is said to be extension in supply. (a) When supply of a commodity falls only due to fall in the price of that commodity it is said to be contraction of supply.

Answered by Anonymous

2

Answer:

When the supply of a commodity rises only due to increase in the price of of the commodity, then it is said to be extension in supply.

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