Factor prices, returns from alternative activities, technology, number of firms, producer expectations, and natural events are often termed:

Question

Quizplus · Accepted Answer

The factors listed (factor prices, returns from alternative activities, technology, number of firms, producer expectations, and natural events) all affect the supply curve for a particular product, and are therefore considered supply shifters. Choice A is not correct as they do not refer to demand factors, and choice C is incorrect as they do not refer to any specific prices.

Factor Prices, Returns from Alternative Activities, Technology, Number of Firms