I – technological advances in an industry
II – changes in labour costs
III – changes in source of supply
IV – changes in levels of taxation
A. I, II
B. I, III
C. II, III, IV
D. I, II, III, IV
Correct Answer: Option D
D. I, II, III, IV
Explanation
A change in supply also known as shifts of the supply curve is determined by other factors affecting supply except price of the commodity when price is constant.
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…