Explain briefly how does change in supply takes place. – InterviewSolution

1.	Explain briefly how does change in supply takes place.
Answer» The determinants of supply are classified under two major categories. They are: Price and Factors other than price. When factors other than price are assumed to remain constant and price varies, there occurs expansion and contraction of supply. When price is held constant and other factors vary, there occurs increase and decrease in supply.

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