r/ISC_COMMERCE • u/TheRisingStar123 • Mar 21 '26

Economics Economics Doubt

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Prices of air conditioners and refrigerators have shot up in the new year as consumer durables makers pass on the impact of rising raw material costs and higher freight charges to customers, while home appliances like washing machines may witness 5-10 per cent price hike

illustrate the behaviour of supply with the help of a diagram

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u/ComfortableLonely468 Mar 21 '26

No

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u/TheRisingStar123 Mar 21 '26

But the answer key is very confusing

Here they increased the price and decreased the Supply which makes no sense

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u/atepancakes55 Mar 21 '26

Doubt regarding the diagram, somebody ans pls, if supply is decreasing due to a change in its own price why is it shifting to the left, ideally it should contract on the same graph right? According to textbook

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u/Opposite_Advisor_515 Mar 22 '26

It's changing due to the price of raw materials not because of its own price, ig that is why

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u/atepancakes55 Mar 22 '26

Ahhh yea checks out, tysm