wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A rise in the average and marginal costs of production causes the supply curve of a commodity to shift towards the left at


A

Zero price

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

Normal price

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

Higher price

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D

Lower price

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C

Higher price


A rise in the average and marginal costs of production causes the supply curve of a commodity to shift towards the left at a higher price than before because the suppliers are ready to supply the same quantity at the given price.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Building the Supply Curve
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon