Indian Economy

General Studeis (IB)

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Indian Economy - Understanding the basics of Indian economic system

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Movement along the supply curve is known as ______ .

Contraction of supply

Expansion of supply

Increase in supply

Expansion and contraction of supply

Explanation:

A movement along the supply curve will occur when the price of the good changes and the quantity supplied changes in accordance to the original supply relationship. In other words, a movement alongs the supply curve is known as Expansion and Contraction of supply.

By: MIRZA SADDAM HUSSAIN

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