Suppose we are drawing a supply curve of a farmer which of the following will be held constant:

CA Foundation · Business Economics · RTP · September 2024
Suppose we are drawing a supply curve of a farmer which of the following will be held constant:
(A) A. Price of Inputs
(B) B. Weather Conditions
(C) C. Technology
(D) D. The price of the Commodity under consideration

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. The price of the Commodity under consideration

Topics: Theory of Demand and Supply

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