WAEC - Economics (2008 - No. 10)
Which of the following determinants of supply cannot be predicted easily?
price of the commodity
new techniques of production
national emergencies
mobility of labour
Spiegazione
National emergencies are unforeseen events that affect a geographical location, hence leading to a stop or slow down economic activities. An example of such is an outbreak of an epidemic, wars, natural disasters, etc. These emergencies are unpredictable and as such can cause a change in supply.