Advertisements
Advertisements
प्रश्न
Do you agree or disagree with the following statement? Give reason.
Price is the only determinant of supply.
टिप्पणी लिखिए
Advertisements
उत्तर
No, the above statement is not correct. Besides price, the supply of a commodity is affected by a large number of other factors. The following are some of the factors that determine supply.
1. Price of commodity
2. Price of related goods
3. Technology of production
4. Price of factors of production
5. Government policies
6. Nature of commodity
7. Goals of the firm
8. Expectation of future prices
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
