Short-run supply determinants include
A)Technology.
B)Number of buyers.
C)Income.
D)Consumer preferences.

Question

Quizplus · Accepted Answer

Short-run supply determinants are factors that affect the quantity of a good or service that firms are willing and able to supply in the short run. Technology is one of these determinants, as it can affect the productivity and efficiency of firms and thus their ability to produce and supply goods and services. The other choices (number of buyers, income, consumer preferences) are demand determinants and do not directly affect short-run supply.

Short-Run Supply Determinants Include