Which one of these is not a factor that affect change in supply of agricultural produce?
Answer Details
Fixed cost is the option that does not affect the change in supply of agricultural produce.
Fixed costs are the expenses that do not change with changes in the level of output or production, such as rent or salaries. In contrast, factors that affect the change in supply of agricultural produce are those that influence the quantity of goods that farmers are willing and able to produce and sell in a given period of time.
Technology can increase the efficiency and productivity of agricultural production, leading to an increase in supply. Changes in the cost of production, such as changes in the price of inputs like fertilizer or labor, can affect the profitability of farming and impact the supply of agricultural produce. Changes in commodity prices can also affect the supply of agricultural produce, as farmers may be more willing to produce more goods if they can sell them at higher prices.
In summary, while fixed costs are an important consideration in farming and agricultural production, they do not directly affect the change in supply of agricultural produce.