When supply of a commodity increases without change in price it is called ........

Economics- Phase (I & II) Consumption Function

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When supply of a commodity increases without change in price, it is called

Fall in supply

Expansion in supply

Contraction in supply

Rise in supply

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Explanation:

When supply of a commodity increases without change in price, it is called rise in supply. Increase in price results in a rise in supply and fall in demand. These changes will continue until the new equilibrium is established. Hence, Equilibrium price increases and equilibrium quantity falls.

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