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The following factor will cause increase...

The following factor will cause increase in supply of a good

A

rise in price of good

B

increase in excise tax rate

C

improvement in technology

D

all of these.

Text Solution

Verified by Experts

The correct Answer is:
C
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What is increase in supply?

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Knowledge Check

  • The factor causing extension in supply of a good is

    A
    increase in number of firms
    B
    decrease in tax rate
    C
    improvement in technology
    D
    increase in price of the good.

  • An increase in the supply of a good is caused by :

    A
    Improvements in its technology.
    B
    Fall in the prices of other goods.
    C
    Fall in the prices of factors of production.
    D
    all of them

  • Which of the following factors will not cause change in gene frequency ?

    A
    Mutation
    B
    gene flow
    C
    Large population
    D
    Genetic recombination

    • Similar Questions

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    Give three reasons (or causes) of a rightward shift of demand curve. or State any three or two factors that cause increase in demand of a commodity.

    What is meant by 'increase' in supply?

    Mention one factor that causes a rightward shift in the supply curve. OR Give one reason for an increase in supply of a commodity.

    Market for a good is in equilibrium. There is increase in supply for this goods. Explain the chain of effects of this change. Use diagram. Or How will equilibrium price and quantity be affected when there is increase in supply? Or Explain the chain effect of increase in supply of a good on its price, supply and demand. Use diagram. Or How does an increase in supply of a commodity affect its equilibrium price and equilibrium quantity? Explain with the help of a diagram. Or Market for a good is in equilibrium. Supply of the good 'increases'. Explain the chain of effects of this change .

    Show diagrammatically the effects of increase in supply of a good on its equilibrium price.

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