Economy, asked by happybhimbha, 2 months ago

What do you mean by extension of supply?

Answers

Answered by anaghpadgavhankar

2

Answer:

Explanation:

Contraction of Supply. (a) 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.

MARK AS BRAINLY

Answered by lakshmanmaiti20

13

Answer:

Contraction of Supply. (a) 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.

Explanation:

hope it will help you

Previous Question

Next Question

Similar questions

English, 1 month ago

To maintain a harassment-free workplace, we should discourage O Frequent breaks during work hours Any misconduct Working overtime O Team outings during weekends...

Math, 1 month ago

Q.6 Which is greater :3/4 of 36 or 4/5 of 35...

Biology, 1 month ago

The fusion of male and female sex cells (gametes) is called 1. Fertilization 2. Pollination 3. Transportation 4. Photosynthesis...

Math, 2 months ago

If in 2 years a principal of 100 amounts to 144, then the rate of interest is ?

Math, 2 months ago

Today I want to give points to you all so solve it if I give you thanks then it is correct if not then it is incorrect.

Computer Science, 9 months ago

name the icons present on the desktop...

Social Sciences, 9 months ago

Portuguese considered goa as the symbol of prestige of empire(true or false)...

Accountancy, 9 months ago

What is the meaning when current account is show on asset side of balance sheet. C brings 40000 as his share of capital but he is unable to bring any amount for goodwill C share of goodwill is adjusted by opening his current account...