The following table represents the supply of sweet potatoes for three (3) months.Explain FIVE reasons to account for the change in quantity supplied of sweet...

The following table represents the supply of sweet potatoes for three (3) months.

Explain FIVE reasons to account for the change in quantity supplied of sweet potatoes in the market.

- Poor climatic conditions (which do not favor the production of potatoes) hence decrease in supply of potatoes
- Increase in the cost of production limiting of producer to produce more hence decrease in supply for potatoes
- Increase in price of substitute product hence a decrease in supply
- Unfavorable government policies which do not favor mass production of potatoes (hence decrease in supply of potatoes)
- Change in the goals of the firm which do not favor increase in production of potatoes
- Exit / withdraw of firms from the industry / market causing a decrease in supply of potatoes
- Poor methods of production resulting to reduction in potatoes produced (hence a decrease in supply)
- Expectations of future increase in price of potatoes hence the producer supply less
- Inadequate factors of production limiting the producers ability to produce potatoes in large quantity (hence a decrease in
supply of potatoes)
- Incidence of strikes - (workers go on strike )which interferes with the supply of potatoes (hence a decrease in supply)

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sharon kalunda answered the question on September 5, 2019 at 07:57

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