The table below shows prices and quantity of a crate of tomatoes supplied at Kapsabet Market for the last quarter of year 2015.Explain five factors...

      

The table below shows prices and quantity of a crate of tomatoes supplied at Kapsabet Market for the last quarter of year 2015.
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Explain five factors that may have led to the change in quantities supplied.

  

Answers


sharon
- Reduction in cost of production / reduction in price of input: makes production of tomatoes affordable to most suppliers.
- Improved technology: makes supply more and of higher quality.
- Availability of government incentives i.e. increased subsidies / reduction in taxes: reduces the cost of production thereby increasing supply.
- Favourable natural factors: such as good weather and absence of pests and diseases increases supply.
- Entry of new firms: increases quantity supplied.
- Availability of factors of production: lead to increase in production of tomatoes.
- Anticipation of increase in demand: leading to an increase in production.
sharon kalunda answered the question on September 2, 2019 at 14:15


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