What are the main factors that affect supply?

Asked on 26.09.2018 in All Questions.
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When price changes, quantity supplied will change. This means that either the quantity or quality of the products will decrease as either product get more expensive or become cheaper demand may also wall. There will be a movement along the same supply curve. When factors other than price changes, the supply curve will shift. Here are some determinants of the supply curve. Some of the main factors which affect supply are as follows: Production cost: Since most private companies’ goal is profit...
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