How is the supply of a commodity affected by changes in the prices of – InterviewSolution

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1.	How is the supply of a commodity affected by changes in the prices of other commodities?
Answer» The most important factor determining the supply of a commodity is its price. As a general rule, price of a commodity and its supply are directly related. It means, as price increases, the quantity supplied of the given commodity also rises and vice-versa.

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