Economics JAMB

A set of factors that can shift the supply curve are changes in?

A. weather, price and technology
B. technology, weather and population
C. technology, price and taste
D. population, price and taste

Correct Answer:

Option A – weather, price and technology

Explanation

A change in supply curve may be caused by changes in the costs of production, improvements in technology, taxes, subsidies, weather conditions, health of livestock and crops, price of other products, disasters, wars, discoveries of new sources, and depletion.

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