The location of the product supply curve depends on

Question

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The location of the product supply curve depends on the production technology, i.e., how efficiently producers can manufacture the product. The more efficient the technology, the lower the cost of production and the higher the quantity that can be supplied at each price point. The number of buyers, tastes of buyers, and location of the demand curve may affect the demand for the product, but they do not directly affect the supply curve.

The Location of the Product Supply Curve Depends on