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Theory of Supply — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsTheory of Supply1 Mark
MCQ
Which of the following factor may cause decrease in supply?
  • A
    Fall in price of given product
  • B
    Fall in price of factors of production
  • ✓
    Decrease in number of firms
  • D
    Expected fall in the price of given product in future.
✓

Answer

Correct option: C.
Decrease in number of firms
C

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