Which of the following factors affect the supply of agricultural produce? I Improvement in technology II Increase in rainfall III Decrease in temperature IV...

Which of the following factors affect the supply of agricultural produce? I Improvement in technology II Increase in rainfall III Decrease in temperature IV input cost

Answer Details

The factors that affect the supply of agricultural produce are: I. Improvement in technology: This refers to the use of modern and advanced methods of farming such as mechanization, improved seeds, and fertilizers which can increase crop yields and ultimately increase the supply of agricultural produce. II. Increase in rainfall: This is a natural factor that affects agricultural production as it influences the growth of crops. When there is an increase in rainfall, it creates a favorable condition for crops to grow and develop which can lead to an increase in the supply of agricultural produce. III. Decrease in temperature: A decrease in temperature can have a negative impact on the growth of crops and can lead to a decrease in the supply of agricultural produce. IV. Input cost: The cost of inputs such as fertilizers, seeds, pesticides, labor, and machinery can have a direct impact on the supply of agricultural produce. An increase in input cost can reduce the supply of agricultural produce as farmers may not be able to afford the cost of production. Therefore, the factors that affect the supply of agricultural produce are I, II, III, and IV. The correct option is "l, ll, lll and lV".