Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsSupply2 Marks
Question
When does the supply remain constant or decrease when the price increases ?
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Answer
A commodity or service may be produced not for consumption or profit but for prestige presenting or social service or it may be harmful for welfare of society. Even if the prices of such commodities increases, because of government control, its supply does not increases but remains constant and sometimes it decreases.
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