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All the following are factors that would bring about a ch...

All the following are factors that would bring about a change in supply except​​​​​​​

A.

Level of technology

B.

Government policy

C.

Entry of new firms

D.

Price of the commodity

View answer & explanation

Correct answer is C

Factors Affecting the Supply of a Commodity

  • i. Price of the given Commodity
  • ii. Cost of Production:
  • iii. Natural Conditions
  • iv. State of Technology
  • v. Transport Conditions
  • vi. Factor Prices and their Availability
  • vii. Government's Policies
  • viii. Prices of Related Goods

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