In the textbook, the prices of the factors of production, returns from alternative activities, technology, seller expectations regarding future prices, and the number of sellers are called:

Question

Quizplus · Accepted Answer

The factors listed (prices of factors of production, returns from alternative activities, technology, seller expectations regarding future prices, and number of sellers) are all variables that can cause a shift in the supply curve, making demand shifters (A) and supply prices (B) incorrect choices. Market realities (C) is too broad and general of a term to describe these specific factors.

In the Textbook, the Prices of the Factors of Production