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Standard X

History

Rise of Fascism in Italy

A fall in the...

Question

A fall in the quantity supplied due to a fall in price would indicate

Expansion of supply

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Contraction of supply

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Zero supply

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Constant supply

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Solution

The correct option is B
Contraction of supply

Other things being equal, when the supply of a commodity falls as a result of a fall in its price, it is called contraction of supply or decrease in the quantity supplied.

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A fall in the quantity supplied due to a fall in price would indicate

The correct option is B Contraction of supply Other things being equal, when the supply of a commodity falls as a result of a fall in its price, it is called contraction of supply or decrease in the quantity supplied.

The correct option is B
Contraction of supply

Other things being equal, when the supply of a commodity falls as a result of a fall in its price, it is called contraction of supply or decrease in the quantity supplied.