Which of the following is NOT a determinant of supply A expe

Which of the following is NOT a determinant of supply?

A) expectations regarding future prices

B) the technology of production

C) the cost of production

D) consumer tastes

Solution

option D is correct

Consumer tastes do not determine supply, they affect the demand for the good. (All the remaining factors affect the supply of a good)

Which of the following is NOT a determinant of supply? A) expectations regarding future prices B) the technology of production C) the cost of production D) cons

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site