Question

explain the factor affecting supply?​

Answer 1

Explanation:

6 Factors Affecting the Supply of a Commodity (Individual Supply) :-

• Price of the given Commodity

• Prices of Other Goods

• Prices of Factors of Production (inputs)

• State of Technology

• Government Policy (Taxation Policy)

• Goals / Objectives of the firm

Answer 2

Supply refers to the quantity of a good that the producer plans to sell in the market. Supply will be determined by factors such as price, the number of suppliers, the state of technology, government subsidies, weather conditions and the availability of workers to produce the good.

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