Analyse the data given below and identify the impact of the same on the supply _____:
| Price (rs) | Quantity |
| 10 | 4 |
| 10 | 8 |
Answer & explanation
Correct answer: option 1
The correct answer is option 1: There is an increase in supply
There is an increase in supply even when the price is same. This implies there is impact of other factors than price in the supply. Thus it is an example of increase in supply.