Change in the pirce of the given commodity will lead to :A. Expansion – InterviewSolution

1.	Change in the pirce of the given commodity will lead to :A. Expansion is SupplyB. conrtaction in supplyC. either (a) or (b)D. Neither (a) and (b)
Answer» Correct Answer - C Increase in price will lead to increase in the supply and hence expansion in supply , and decrease in price will lead to fall in supply and hence contraction in supply.our correct answer is option is (c).

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