Which of the following is a determinant of market supply?
A)Consumer expectations.
B)Consumers' income.
C)Consumers' desire for the good.
D)Available technology.

Question

Quizplus · Accepted Answer

Available technology is a determinant of market supply as it affects the efficiency and cost of production, which in turn affects the quantity of goods and services that producers are willing and able to supply. Consumer expectations, income, and desire for the good may affect demand, but not supply.

Which of the Following Is a Determinant of Market Supply