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Identify and explain the concept : Sharad was able to supply less paper to market due to technical problems in paper making factory although the price of paper remained constant.

Q.2 (A) (v) Identify and explain the concept : Sharad was able to supply less paper to market due to technical problems in paper making factory although the price of paper remained constant.

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Answer: Decrease in supply

Explanation: When less quantity is supplied at the same price because of factors other than price (here, technical problems in the factory), it is called a decrease in supply. The supply curve shifts to the left of the original supply curve. Other causes are a rise in cost of production, natural calamities and higher taxes.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report
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