Economics · Determinants of Supply
Match LIST-I with LIST-II: LIST-I (Determinant Change) A. Technological improvements B. Increase in the own price of the good C. Higher wages or raw material costs D. Government implementation of production subsidies LIST-II (Effect on Supply) I. Shifts the entire supply curve to the right by reducing production costs. II. Causes a movement along the supply curve, changing the quantity supplied. III. Causes a leftward shift of the supply curve by increasing production costs. IV. Lowers effective costs and increases supply, shifting the curve rightward. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-II, B-I, C-IV, D-III
- 2A-IV, B-III, C-II, D-I
- 3A-III, B-IV, C-I, D-II
- 4A-I, B-II, C-III, D-IV✓
Correct answer
A-I, B-II, C-III, D-IV
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