Question

Which one of the following is not a determinant of individual supply?

पर्याय

• Price of the given commodity

• Taxation policy

• State of technology

• Number of firms

Answer 1

Number of firms

Explanation:

All other variables, with the exception of the number of enterprises, have no bearing on individual supply. All other factors like the price of the offered commodity, taxation policy, state of technology are the determinants of individual supply.