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

Question

Quizplus · Accepted Answer

The factors listed - prices of the factors of production, returns from related goods, technology, expectations regarding future prices, and the number of sellers - are all variables that can shift the supply curve, and are therefore called supply shifters.

In the Textbook, the Prices of the Factors of Production