Which of the following is NOT a factor determining supply...
Which of the following is NOT a factor determining supply?
Cost of production
Climatic condition or weather
Income of the producers
Number of producers
Technological development
Correct answer is C
Supply will be determined by factors such as
- price,
- the number of suppliers,
- the state of technology,
- government subsidies,
- weather conditions and
- the availability of workers to produce the good.
The income of the producer doesn't affect supply.
Which of the following is the normal channel by which the commodities reach the final consumer? ...
Nigeria earns the major part of her foreign exchange from the export of? ...
Distribution is part of production because it ...
An association formed by a group of individuals solely for the marketing of their product is a ...
Data presented in a circular chart is known as ...
Income is redistributed when the rich are progressively taxed and ...