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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 ‘increase’ in supply take place?
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Answer

When a supply rises due to a factor other than the own price of the good or naming a factor like fall in price of input, deduction in taxes on the good etc.

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