CUET Economics 2025 28 May Shift 1 PYQs

Which of the following is true regarding supply of a commodity?

(A) Technological progress leads to a decrease in the supply of a commodity.

(B) When the price of inputs rises, the supply curve of the good shifts to the left.

(C) Technological progress shifts the supply curve of the firm to the right.

(D) Imposition of a unit tax on a firm shifts the supply curve of the goods produced by the firm to the left.

Choose the correct answer from the options given below:

In the short run, some of the factors of production of a firm ......

The point on the supply curve at which a firm earns only normal profit is called ...........