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

Question

Quizplus · Accepted Answer

Short-run supply determinants refer to factors that affect the quantity of a good or service that a producer is willing and able to supply in the short-term, typically within a year. Technology is one such determinant because it influences a producer's ability to produce goods efficiently and thus impacts their production costs. The number of buyers and income, on the other hand, are demand determinants and do not directly affect short-run supply.

Short-Run Supply Determinants Include