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Shift the supply curve correct supply concept; law of supply positive price-quantity relation.
Ref: NCERT Economics Class XI Chapter 3 Producer Behaviour explains supply law production function producer equilibrium supply elasticity concepts clearly.
Market price rise correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
Decrease; Increase correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
Excess Supply correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
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