Q47
An increase in the supply of a commodity is caused by
A.
Improvements in technology
B.
Fall in the prices of other commodities
C.
Fall in the prices of factors of production
D.
All of the above
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
An increase in the supply of a commodity is caused by Improvements in technology, Fall in the prices of other commodities and Fall in the prices of factors of production.