Question

explain the various determinant of supply​

Answer 1

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DETERMINANTS OF SUPPLY.

• When price changes, quantity supplied will change.

• Higher production cost will lower profit, thus hinder supply. Factors affecting production cost are: input prices, wage rate, government regulation and taxes, etc.

Answer 2

Answer:

Factors affecting production cost are-: input prices, wages,rate, government regulation and taxes,etc

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