Factors determining supply:
1. Production technology:
The state of production technology influences the supply function. When advanced technology is employed in the country, large scale production is achievable. Therefore supply will rise. Old technology will not raise the supply.2. Prices of factors:
Whenever the prices of factors increase, cost of production will also raise. This will outcome in diminish in supply.3. Prices of other products:
Any modification in the prices of other products will persuade the supply. An augment in the price of other products will persuade the producer to shift the production in favor of that product. The supply of original product will be decreased.4. Number of producers or firms:
When the number of producers generating the product rises, the supply of the product will raise in the market.5. Future price expectations:
When producers expect that there will be an increase in the prices of products in future, they will not deliver their products at current.6. Taxes and subsidies:
When tax is imposed by the government on inputs of a commodity, the cost of production will rise up. Supply will be decreased. Whenever subsidy is provided to the producer, it will encourage them to create and supply more. Subsidy means a portion of the cost of a commodity will be bear by the government.7. Non-economic factors:
Non-economic factors such as, war, political climate & natural calamities generate scarcity in supply.
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Theory of Supply help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Theory of Supply, project ideas and tutorials. We provide email based Theory of Supply help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Theory of Supply. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Theory of Supply. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
tutorsglobe.com hepatitis viruses assignment help-homework help by online medical parasitology tutors
www.tutorsglobe.com offers Data Warehouse homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
defining national income, www.tutorsglobe.com offers national income accounting assignment help - national income homework help and answering questions to economics by tutor's help.
www.tutorsglobe.com offers Object Oriented Design Concepts homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
tutorsglobe.com graph theory assignment help-homework help by online computer science tutors
concept of temperature tutorial all along with the key concepts of concept of temperature and heat, thermal equilibrium, zeroth law of temperature, scale of temperature, specification of fixed points, specification of interpolation
tutorsglobe.com boron family assignment help-homework help by online p block elements tutors
Pauli’s Exclusion Principle-the Hund’s Rule tutorial all along with the key concepts of Pauli's exclusion principle, Hund's rule, Atomic radius, Properties of Monatomic Lons
tutorsglobe.com bioinformatics assignment help-homework help by online modern genetics tutors
tutorsglobe.com compounds of phosphorus assignment help-homework help by online nitrogen family tutors
tutorsglobe.com net economic welfare assignment help-homework help by online nature and scope of economics tutors
tutorsglobe.com biofertilizer assignment help-homework help by online food microbiology tutors
tutorsglobe.com farming techniques assignment help-homework help by online poultry tutors
Essentials for success of uniform costing system, the success of the uniform costing is relies on Mutual belief and understanding, Accounting policies and principles, Classification and codification, etc.
Chromatography and conductometry tutorial all along with the key concepts of Types of chromatography, How Gas Chromatography Works, High Performance Liquid Chromatography, Applications of chromatography, Applications of conductometry
1956632
Questions Asked
3689
Tutors
1459239
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!