Determinants of Supply Assignment Help

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Determinants of Supply:

In economics, the determinants of supply refer to the shifters of supply curve.   The quantity supplied of a commodity, however, is affected by the market price of the commodity.  For most commodities, when the price falls, less quantity is supplied while when the price rises, more quantity is supplied when all other supply factors remain unchanged.

Under the determinants of supply, we will focus on those factors that collectively determine the position of the supply curve in price-quantity supplied space.

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