Complete the correlation : Price rises : ______ : : Price falls : Contraction of supply
Q.1 (A) (ii) Complete the correlation : Price rises : ______ : : Price falls : Contraction of supply
1 answer
Best answer
Answer: Expansion of supply
Other factors remaining constant, when price rises the quantity supplied rises along the same supply curve (upward movement). This is expansion (extension) of supply. When price falls the quantity supplied falls along the same curve, which is contraction of supply.
Doubtly AI
· 28 Oct 2026
AI-generated · not yet verified
Report
Was this answer helpful?
Thanks for the feedback.
Sign up free to save answers and ask your own doubts
Your answer
Log in or create a free account to answer this question.