When of the following matters may account for changes in supply?
I - technological advances in an industry
II - changes in labour costs
III - changes in source of supply
IV - changes in levels of taxation
I - technological advances in an industry
II - changes in labour costs
III - changes in source of supply
IV - changes in levels of taxation
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option D
Explanation:
A change in supply also known as shifts of the supply curve is determined by other factors affecting supply except price of the commodity when price is constant.
A change in supply also known as shifts of the supply curve is determined by other factors affecting supply except price of the commodity when price is constant.