meaning of
determinant of supply
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Determinants of supply (also known as factors affecting supply) are the factors which influence the quantity of a product or service supplied. The price of a product is a major factor affecting the willingness and ability to supply. ... However when the other determinants change, the supply curve is shifted.
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factors affecting supply) are the factors which influence the quantity of a product or service supplied. The price of a product is a major factor affecting the willingness and ability to supply. However when the other determinants change, the supply curve is shifted.
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