The supply curve of a given commodity is given to be S_(0). On the basis of this diagram, answer thefollowing questions: Increasesin costof productionof thiscommoditywillleadto :

The supply curve of a given commodity is given to be S_(0). On the bas

1.	The supply curve of a given commodity is given to be S_(0). On the basis of this diagram, answer thefollowing questions: Increasesin costof productionof thiscommoditywillleadto :
Answer» <html><body><p>Movement from `S_(0)` to `S_(1)`<br/>Movementform `S_(0)` to `S_(2)`<br/>Upward movementalong the `S_(0)` <br/>No <a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a> at all </p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Increase in the cost of production reduces the <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> marginof this <a href="https://interviewquestions.tuteehub.com/tag/particular-1147539" style="font-weight:bold;" target="_blank" title="Click to know more about PARTICULAR">PARTICULAR</a> <a href="https://interviewquestions.tuteehub.com/tag/commodity-923558" style="font-weight:bold;" target="_blank" title="Click to know more about COMMODITY">COMMODITY</a> and hence supply fallsand there is a movement from So toS1.</body></html>