What are the factors that affect supply?

Josh47

3 years ago

Generally, the supply of a product depends on its price and other variables such as the cost of production.
a. Price. Price can be understood as what the consumer is willing to pay to receive a good or service. ...
b. Cost of production. ...
c. Technology. ...
d. Governments' policies. ...
e. Transportation condition.

Josh47

3 years ago

6 Factors Affecting the Supply of a Commodity (Individual Supply) | Economics
Price of the given Commodity:
Prices of Other Goods:
Prices of Factors of Production (inputs):
State of Technology:
Government Policy (Taxation Policy):
Goals / Objectives of the firm:

Tifepraise

3 years ago

, the supply of a product depends on its price and other variables such as the cost of production.
a. Price. Price can be understood as what the consumer is willing to pay to receive a good or service. ...
b. Cost of production. ...
c. Technology. ...
d. Governments' policies. ...
e. Transportation condition.

Fabusparklelous

3 years ago

Price and price of other commodities;the price of a particular production can determine the amount of goods that will be supplied.According to the law of supply,it states that the higher the price, the higher the commodity supplied and vise varsa...So if the price of the commodity is favourable to the target audience then this can affect the quqntitybof goods supplied

Weather; the weather can also determine the quantity of goods supplied,for example
if the weather is a rainy weather the supply of raincoat,umbrella,sweaters will be at a very high rate, so the weather can also determine the supply of goods

Fabusparklelous

3 years ago

others are .....Government policy
Taxation
Level of technology
Cost of production
NaturaL disasters