Which of the following is a direct determinant of the supply of food?
A Level of technology
B Growth in consumer incomes
C Advertising to consumers
D Fashion, tastes and preferences
Model answer:
A
Firstly supply is the amount a producer is willing to produce or provide at a given price. The level of technology determines supply of food directly because the more advanced the technology, the more quantity can be produced. For example the use of Genetically Modifying food can be used to increase to increase agricultural yield. Furthermore fashion etc is a demand factor and influences supply onl indirectly, the same can be said for consumer incomes and advertising.
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