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The theory of the firm under perfect competition — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsThe theory of the firm under perfect competition3 Marks
Question
State three causes of increase in supply.
✓

Answer

Cause of increase in supply:
  1. Technological improvements.
  2. Fall in prices of inputs.
  3. Fall in taxes on production.
  4. Fall in prices of other goods.
  5. Any other relevant cause.

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