MCQ
Consider the following supply schedule.
S. No. Price $($₹ per unit$)$ Quantity Supplied $($in units$)$
$i.$ $25$ $50$
$ii.$ $35$ $70$
This refers to: Hint: Supply of a commodity expand only due to increase in price of the commodity and other factors remain constant. Quantity supplied increases from $50$ units to $70$ units of the commodity as a result of increase in its price from $₹ 25$ to $₹ 35.$
  • Expansion in supply.
  • B
    Contraction in supply.
  • C
    Increase in supply.
  • D
    Both $(b)$ and $(c).$

Answer

Correct option: A.
Expansion in supply.

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