Increase in supply and Decrease in supply.
Increase in Supply
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Decrease in Supply
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1. When more quantity of a commodity is supplied at the same price it is called increase in supply.
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1. When less quantity of a commodity is supplied at the same price it is called decrease in supply.
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2. Price remains the same but conditions of supply brings favourable effect on supply.
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2. Price remains the same but condition of supply brings unfavourable effect on supply.
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3.
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3.
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4. Sipply curve shifts at the right side.
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4. Supply curve shifts at the left side.
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