MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Effects of an Autonomous Change on Equilibrium Demand in the Product Market

What is meant...

Question

What is meant by contraction of supply?

Open in App

Solution

When a fall in the price of a commodity leads to decrease in quantity supplied of a commodity, it is called contraction of supply.

Suggest Corrections

thumbs-up

0

Similar questions

What is meant by contraction of demand?

Q. Extension of supply and Contraction of supply.

Q. What is meant by lanthanoid contraction? The actinoid contraction is greater than that of lanthanoid contraction. Why?

Q. What is meant by supply?

What is meant by extension of supply?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Effects of an Autonomous Change on Equilibrium Demand in the Product Market

ECONOMICS

Watch in App

explore_more_icon

Explore more

Effects of an Autonomous Change on Equilibrium Demand in the Product Market

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon