Which of the following factors does NOT influence supply?

CA Foundation · Business Economics · MTP · September 2024
Which of the following factors does NOT influence supply?
(A) A. Production costs
(B) B. Technological advancements
(C) C. Prices of inputs
(D) D. Consumer preferences

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Consumer preferences

Topics: Theory of Demand and Supply

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