Market period is a timeperiodduringwhich :

1.	Market period is a timeperiodduringwhich :
Answer» Rigtward shift in supplu curves Leftward shift in supply curve Expansion in supply Contraction insupply SOLUTION : The market period is a very short period in which the supply of a commodity is FIXED. It is the variations in demand that determine the price in such a market period. The TIME period is so short that supply is not responsive to demand. Thus , there is a leftward shift in supply of a commodity and the correct OPTION is (B).

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