I need the answer as soon as possible 60. When supply of a commodityincreases without change in price, it iscalledA. O Fall in supplyB. O Expansion in supplyC. O Contraction in supplyD. O Rise in supply

Supply of a commodity is related to the price of a commodity directly, but also depends on several…

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

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 5CQQ: An increase in the supply of a good will decrease the total revenue producers receive if a. the...

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Concept explainers

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

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I need the answer as soon as possible

60. When supply of a commodity
increases without change in price, it is
called
A. O Fall in supply
B. O Expansion in supply
C. O Contraction in supply
D. O Rise in supply

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