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Question
Which one of the following is not a determinant of individual supply?
Options
Price of the given commodity
Taxation policy
State of technology
Number of firms
MCQ
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Solution
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.
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Aggregate Supply and Its Components
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