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Contraction of supply refers to a situation when there is ______.
Economics
Supply: Law of Supply and Price Elasticity of Supply
Question
Updated
19 Aug 2026
Contraction of supply refers to a situation when there is ______.
A
Choose Your Answer
A
fall in the own price of a commodity
B
fall in the quantity supplied at the lower price of the commodity
C
downward movement along the same supply curve
D
all of the above
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