Cpt economics query

intermediate(ipc)course (no) (1460 Points)

14 October 2011  

1).contraction of supply is the result of

a).decrease in the number of producer b).decrease in the price of good concern, c). increase in the prices of other goods, d).decrease in the outlay of sellers.

2).a lower supply curve indicates

a). smaller supply, b). larger supply, c). constant supply, d). none.