Explain the different factors affecting Supply with a well-labelled diagram

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Rahul Sunny answered 2 years ago

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1. a. Discuss briefly the supply schedule and the various factors affecting the supply in the...

1. a. Discuss briefly the supply schedule and the various factors affecting the supply in the market. b. Assume the demand being perfectly inelastic and supply suddenly doubles due to innovative technique of production. Explain the changes in the equilibrium price, and quantity, and also is it advisable to do so from supplier point of view. Please explain briefly.

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Explain the different factors affecting Supply with a well-labelled diagram

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