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If the price of factors of production increases, then the supply will ______. - Economics

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Question

If the price of factors of production increases, then the supply will ______.

Options

  • Decrease

  • Increase

  • Zero

  • None of these

MCQ
Fill in the Blanks

Solution

If the price of factors of production increases, then the supply will decrease.

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Factors Affecting Supply (Or Determinants of Supply)
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Chapter 4: Theory of Supply - Exercise [Page 97]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 4 Theory of Supply
Exercise | Q 25. | Page 97
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