Economy, asked by alpeshpanchalap8, 6 hours ago

explain expansion contraction of Supply along with diagram.

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Answered by aarya6sharma

1

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.

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