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.
www.tutorsglobe.com offers chirality and symmetry homework help, chirality and symmetry assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
tutorsglobe.com medieval music assignment help-homework help by online humanities tutors
Damped Harmonic Motion tutorial all along with the key concepts of restoring force, damping force, instantaneous velocity of oscillator, Solutions of differential equation, Heavy Damping, Critical Damping, Logarithmic Decrement, Relaxation Time
Succession in Ecosystems tutorial all along with the key concepts of Ecological Succession, Primary Succession, Secondary Succession and Human Influence on Succession
Theory and lecture notes of Natural Rate of Unemployment all along with the key concepts of natural rate of unemployment, Aggregate supply, philips curve. Tutorsglobe offers homework help, assignment help and tutor’s assistance on natural rate of unemployment.
tutorsglobe.com elasticity assignment help-homework help by online intermediate microeconomics tutors
tutorsglobe.com menstrual phase assignment help-homework help by online menstrual cycle tutors
www.tutorsglobe.com offers cycloalkane configurational isomers homework help, cycloalkane configurational isomers assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
tutorsglobe.com amoebiasis assignment help-homework help by online protozoan microbiology tutors
www.tutorsglobe.com offers piece wage system homework help, assignment help, case study, writing homework help, online tutoring assistance by accounting tutors.
Stores issue procedure cost audit program - That extraction of the materials from stores to production shop is scientific or covered by authorised schedule and allows receipts to be situated.
tutorsglobe.com number of floral parts assignment help-homework help by online description of a flower tutors
tutorsglobe.com management of cash assignment help-homework help by online working capital management tutors
TutorsGlobe.com Periodic Table-Classification of Elements Assignment Help-Homework Help by Online Access Chemistry Tutors
tutorsglobe.com cobb–douglas production function assignment help-homework help by online production function tutors
1947246
Questions Asked
3689
Tutors
1488310
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!