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The theory of the firm under perfect competition — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsThe theory of the firm under perfect competition1 Mark
Question
A supply curve will shift leftward due to:
  1. Increase in supply.
  2. Increase in quantity supplied.
  3. Decrease in supply.
  4. Decrease in quantity supplied.
Hint: When supply of a commodity decreases due to unfavourable changes in factors other than price, it is called 'decrease in supply'. In this situation, supply curve shifts leftward.
✓

Answer

  1. Decrease in supply.

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