Which of the following affects the supply chain in factors determining supply?

Prices of factors
Production technology
Taxes and subsidies
All

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 2 : Production technology

Production technology affects the supply chain and old technology will not increase the supply.

Factors determining supply	Description
Prices of factors	When the prices of factors rise, cost of production will increase
Production technology	It affects the supply chain
Taxes and subsidies	If the tax is imposed by the government on the inputs of a commodity, cost production will come up.
Non-economic factors	Factors like war, political, climate, and natural calamities create scarcity in supply

4 views Answered 2022-09-04 04:29

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