When of the following matters may account for c... - JAMB Economics 2019 Question
When of the following matters may account for changes in supply?
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 option: d
shifts of the supply also known as change in supply curve is determined by other factors affecting supply except price of the commodity when price is constant.
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