ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The answer is C. These factors can be an improvement in technology, changes in the cost of inputs, changes in taxation or subsidies, etc. On the other hand, a change in the price of the good causes movements along the supply curve itself but will not cause any shift in the supply curve.

Detailed explanation-2: -Change in Supply can be caused due to changes in technology, machinery usage or development of better and efficient methods of production. An increase in competition in the market also affects Supply. Changes in the price of raw materials or other inputs of production affect Supply.

Detailed explanation-3: -Answer and Explanation: The correct answer is C) A rise in the price of X. Any change in the price of the good X would result in movement along the same curve.

Detailed explanation-4: -Factors affecting supply include price of goods, price of related goods, production conditions, future expectations, input costs, number of suppliers, and government policy.