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Standard XII
Economics
Productivity
Mention two r...
Question
Mention two reasons behind the leftward shift of a supply curve.
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Solution
Two reasons behind the leftward shift of a supply curve are:
1) When price of the substitute goods rises, the supply of the another product falls and the supply curve of the another product shifts leftward.
2) When the government impose taxes, cost of production rises and the supply curve shifts leftward.
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