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प्रश्न
Explain any three factors other than price which determine supply in the market.
संक्षेप में उत्तर
उत्तर
- Prices of inputs: If the prices of inputs rise, the cost of production will rise and as a result, the supply of the commodity falls. On the other hand, if the prices of inputs fall, the cost of production declines and as a result, the supply of the commodity increases.
- State of technology: As a result, profits tend to increase. This leads to an increase in supply.
- Change in tax rates: An increase in the rate of tax on production increases the unit cost of production and consequently the supply decreases. On the other hand, if the tax rate on production is reduced, the cost of production is also reduced and as a result, supply increases.
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Factors Affecting Supply (Or Determinants of Supply)
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 4: Theory of Supply - Exercise [पृष्ठ १००]
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संबंधित प्रश्न
Briefly explain any three factors that affect supply of a commodity.
Explain the determinants of supply?
If the price of factors of production increases, then the supply will ______.
When the government gives tax ______ than the supply of goods will increase.
Increase in the tax on a commodity will lead to ______ in the supply of the commodity.
Point out two factors that lead to increase in supply.
Mention two factors which cause decrease in supply.
Explain four factors on which the supply of a commodity depends.
Explain five determinants of shift in supply curve.
State any two factors determining supply.
