Which of the following is a determinant of supply?

Question

Quizplus · Accepted Answer

Technology is a determinant of supply as it affects the cost and efficiency of production. Inefficient technology will lead to higher production costs and lower supply, while advances in technology can lead to lower production costs and higher supply.

The other options are not determinants of supply. 
A) Tastes and preferences relate to demand, not supply. 
C) The number of consumers does not directly impact the ability or willingness of producers to supply goods and services. 
D) Consumer incomes also relate to demand as they affect the ability of consumers to purchase goods and services.

Which of the Following Is a Determinant of Supply