Question 42
Basic Agricultural EconomicsWhich of the following factors affect the supply of agricultural produce?
I. Improvement in technology
II. Increase in rainfall
III. Decrease in temperature
IV. Input cost
- A.I and II only
- B.I and III only
- C.I, II and III only
- D.I, II, III and IV.
Show the answer and explanation
Answer: D (I, II, III and IV.)
Explanation
Technology, weather and input costs all change how much farmers produce.