Which of the following determinants of supply cannot be predicted easily?
The correct answer is C. national emergencies
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.
Previous question Next questionWhat is Exam without Practice? With our customizable CBT practice tests, you’ll be well-prepared and ready to excel in your examsStart Practicing Now
