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The supply of a commodity does not depend directly upon
  • a)
    Cost of production
  • b)
    Price of the commodity
  • c)
    Technology of production
  • d)
    Demand for the commodity
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The supply of a commodity does not depend directly upona)Cost of produ...
Explanation:
The supply of a commodity refers to the amount of a particular good or service that producers are willing and able to offer for sale at a given price. The factors that determine the supply of a commodity are:

Cost of production: The cost of production includes the cost of raw materials, labor, rent, and other expenses incurred in the production of the commodity. If the cost of production increases, the supply of the commodity will decrease, and vice versa.

Price of the commodity: The price of the commodity also affects the supply. If the price of the commodity increases, the producers are likely to increase the supply to take advantage of the higher price. Similarly, if the price of the commodity decreases, the producers may reduce the supply.

Technology of production: The technology used in the production of the commodity also affects the supply. If there are advancements in technology that make production more efficient, the supply of the commodity may increase. On the other hand, if the technology used becomes outdated, the supply may decrease.

Demand for the commodity: The demand for the commodity is the most important factor that affects the supply. If the demand for the commodity increases, the producers are likely to increase the supply to meet the demand. Similarly, if the demand for the commodity decreases, the producers may reduce the supply.

Therefore, the correct answer is option D, as the supply of a commodity does not directly depend on the demand for the commodity. While demand indirectly affects the supply, it is not a direct determinant of supply.
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Community Answer
The supply of a commodity does not depend directly upona)Cost of produ...
All factors affect supply except demand.. cost increases supply decreases.... price increases..suppy increases... technology advances...supply increases.... therefore option D
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The supply of a commodity does not depend directly upona)Cost of productionb)Price of the commodityc)Technology of productiond)Demand for the commodityCorrect answer is option 'D'. Can you explain this answer?
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