OMTEX CLASSES: Increase in supply and Decrease in supply.

Increase in supply and Decrease in supply.

Increase in supply and Decrease in supply.

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