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MICROECONOMICS CH : 11 THEORY OF SUPPLY — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 11 THEORY OF SUPPLY1 Mark
Question
Define decrease in supply.
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Answer

When the quantity supplied decreases due to factors other than own price of the concerned commodity, it is a situation of decrease in supply.

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