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The theory of the firm under perfect competition — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsThe theory of the firm under perfect competition1 Mark
Question
When does ‘decrease’ in supply take place ?
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Answer

When supply falls due to a factor other than the own price of the good ornaming a factor like rise in price of input, increasing in tax on good.

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