Learning Contents:   Factors affecting supply of the commodity                                                     Supply refers to the quantity of the commodity that a seller is willing and able to sell at different possible prices during a particular point of time. The quantity of the commodity that a firm sells is not only affected by the price of the commodity but other factors such as price of related goods, cost of production, objective of the firm, etc. Therefore, the supply function shows the functional relationship between the quantity supplied; price and the various factors affect the supply of the commodity. The supply of a commodity is a function of various factors stated in an equation below: S x =f (P X , P r , O...