Question

How do following factors influence the supply of a commodity ?
(a) Price of the commodity
(b) Technology of production​

Answer 1

Supply of a commodity is affected by following factors:

(a) Price of factor Inputs: If factor input price increases, cost of production generally rises, accordingly producers are willing to supply less at the existing price as the profit probability decreases.

Answer 2

Answer:

Answer is price of the commodity

Explanation:

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