II. Fill in the blanks. 1. Extension and contraction in supply is due factor keep in the other factors (non- price factors) constant. 2. Increase and decrease in supply is due to factors keeping the price constant. 3. When there is an extension in supply there is movement on the supply curve. 4. When there is a contraction in supply there is movement on the supply curve. 5. When there is an increase in supply the supply curve shifts to the 6. When there is a decrease in supply the supply curve shifts to the 7. When the cost of production increase, the quantity supplied 8. When the taxes for producing the commodity increase, the quantity supplied of the commodity 9. New technology decreases the cost of production and as a result the supply curve shifts to the