Question

Give the cause of increase in supply.​

Answer 1

__________HEY MATE_________

CAUSES OF INCREASE IN SUPPLY---------

⚫ IMPROVEMENT IN TECHNOLOGY LEADING TO A FALL IN COST OF PRODUCTION.

⚫ REDUCTION IN FACTOR PRICES,CAUSING A FALL IN COST OF PRODUCTION.

⚫ DECREASE IN TAXATION OR GRANT OF SUBSIDY RELATED TO PRODUCTION.THIS INDUCE THE PRODUCER TO INCREASE SUPPLIES EVEN WHEN PRICE REMAIN SAME.

⚫HIGH BUSINESS EXPECTATIONS.IT PROMPTS THE PRODUCER TO INCREASE INVESTMENT.ACCORDINGLY SUPPLY INCREASES.

HOPE THIS HELPS YOU ☺️

Answer 2

Hey mate....

here's the answer....

Give the cause of increase in supply....

1) If there is any increase in the price of other good then supply of given good will fall .

2) Most of the times technology upgradation decreases cost of production and increase the supply of good.

Hope it helps you ❤️