Which of the following is a determinant of supply?
A) tastes and preferences of buyers
B) price of a complementary good
C) consumer income
D) product taxes and subsidies

Question

Quizplus · Accepted Answer

Product taxes and subsidies directly affect the cost of production and therefore the willingness of suppliers to produce and sell a particular good or service. Tastes and preferences of buyers, price of a complementary good, and consumer income are determinants of demand, not supply.

Which of the Following Is a Determinant of Supply