Question

what do you mean by supply and write the determinants of individual supply
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Answer 1

Answer:

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. Here we will discuss the determinants of supply other than price.

Explanation:

Answer 2

Answer:

When price changes, quantity supplied will change. That is a movement along the same supply curve. When factors other than price changes, supply curve will shift. ... Factors affecting production cost are: input prices, wage rate, government regulation and taxes, etc.

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