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Explain the effect of the following …

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Explain the effect of the following on supply of a good first changes in prices of inputs second technological advancement please fast answer the technological advancement please
  • 1 answers
1) change in price of a commodity: if price of the commodity decreases then supply also decreases as in supply curve price and supply are positively related and if price increases then supply will also increase because of same reason that I have mentioned above.2)if technology become advanced cost will become lower and supply will increase because they both are the factors of increase in supply ( advance technology and lower cost) and if technology become poor or old then cost of production increases and supply decrease.
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