Economics JAMB

One of the factors affecting the supply of manufactured goods is?

A. Weather
B. Technology
C. Consumer tastes
D. Availability of inputs

Correct Answer:

Option B – Technology

Explanation

The following are Some of the factors that influence the supply of a product

i. Price
ii. Cost of Production
iii. Natural Conditions
iv. Technology
v. Transport Conditions
vi. Factor Prices and their Availability
vii. Government’s Policies
viii. Prices of Related Goods

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