Question

In: Economics

this part of the market detemines supply

this part of the market detemines supply

Solutions

Expert Solution

Factors that determine or affect the supply are -

  1. Price of the commodity
  2. Goals of the producer
  3. Price of related commodities
  4. Input Prices
  5. Techniques of Production
  6. Nature of the Industry
  7. Natural Factors
  8. Agreement among producers

Rahul Sunny answered 2 years ago
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