Factors Affecting Supply of Chairs

Which two of the following factors will not affect the supply of chairs?

a) the cost of wood. b) current wage rates for furniture builders. c) the price of couches. d) the price of tables

The two factors that will not affect the supply of chairs are c) the price of couches and d) the price of tables. The correct answer are option c and d.

These two factors are not directly related to the production of chairs and will not have an impact on the supply of chairs. The cost of wood and current wage rates for furniture builders, on the other hand, are directly related to the production of chairs and will affect the supply of chairs.

Factors that affect the supply of a product include the cost of production, technology, the number of producers, and the price of related goods. In the case of chairs, the cost of wood and the wage rates for furniture builders are directly related to the cost of production, and therefore will affect the supply of chairs.