Observe the following diagrams and answer the questions given below :[DIAGRAM A: Price on the Y-axis and quantity supplied in kgs on the X-axis. The original supply curve SS passes through point E at price OP and quantity OQ. A dotted supply curve S1…
Q.5 (ii) Observe the following diagrams and answer the questions given below :
[DIAGRAM A: Price on the Y-axis and quantity supplied in kgs on the X-axis. The original supply curve SS passes through point E at price OP and quantity OQ. A dotted supply curve S1S1 lies to the right of SS; at the same price OP it passes through point E1, with quantity OQ1, greater than OQ. An arrow points from E to E1.]
[DIAGRAM B: Price on the Y-axis and quantity supplied in kgs on the X-axis. The original supply curve SS passes through point E at price OP and quantity OQ. A dotted supply curve S2S2 lies to the left of SS; at the same price OP it passes through point E2, with quantity OQ2, less than OQ. An arrow points from E to E2.]
Questions :
(1) Diagram 'A' represents _______ in supply. (1)
(2) Diagram 'B' represents _______ in supply. (1)
(3) In diagram 'A', the supply curve shifts _______ side of the original supply curve. (1)
(4) In diagram 'B', the supply curve shifts _______ side of the original supply curve. (1)