Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following factors determine the supply of goods
1) Price of commodity
2) Taxes and subsidies by Government
3) Change in technology
4) Price of Complementary goods.

Select the correct answer using the code given below

• A. 1 and 2
• B. 2,3 and 4
• C. 3 and 4
• D. All of the above.

Answer 1

The correct option is D All of the above.

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> The supply of goods depends on price of commodity, change in technology, taxes and subsidies, price of other goods, change in cost of production etc.