Determinant of supply is__________________?
Correct answer: D. All
- A. Resource price
- B. Techniques of production
- C. Taxes a subsidies
- D. All
Explanation
Resource prices, production techniques, and taxes or subsidies all affect producers' willingness and ability to supply a product. Therefore, all the listed factors are determinants of supply.
Last updated
Practise Agricultural Economics and Extension
190 free Agricultural Economics and Extension MCQs from Agriculture, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Agriculture questions like this
Agriculture is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
Related questions
Which one of the following is the largest sector of Pakistan's economy?
"Economics is the study of causes of material welfare" was defined by___________________?
Power of a good/ service to satisfy human desire/want is called____________________?
The sale of products below sale of production in a foreign country or below the prices charged at home is called ?
An increase either in real output (GDP) or in real output per capita is called___________________?