Explain any FIVE factors that can cause an increase in supply of a commodity in developing

 The following economic functions have been derived by the Finance Manager of Sagecon Services Ltd:

Qa = 3P2 – 4P and

Qb= 24 – P2, where P represents price and Q is quantity.

Required:

i) Which of the two functions represent a demand curve, supply curve and explain why?

ii) At what values of price and quantity is the market in equilibrium?

b) Explain any FIVE factors that can cause an increase in supply of a commodity in developing