Which of the following is a principal determinant of the market supply curve?

Question

Quizplus · Accepted Answer

The level of input prices, such as the price of labor or raw materials, is a principal determinant of the market supply curve as it affects the cost of production for firms. When input prices increase, firms are less willing to supply a product at any given price, leading to a decrease in supply. Conversely, when input prices decrease, firms are more willing to supply a product at a given price, leading to an increase in supply. The other choices listed are not determinants of the market supply curve, but rather factors that affect demand or market equilibrium.

Which of the Following Is a Principal Determinant of the Market