Which of the following is a determinant of supply?

Question

Quizplus · Accepted Answer

Technology is a determinant of supply as it affects the production process and the efficiency of producing goods and services. It can lead to an increase or decrease in supply depending on the level of technology used.

Other options such as A, C, and D are determinants of demand, as they affect the willingness and ability of consumers to buy goods and services, rather than the ability of producers to supply them.

Which of the Following Is a Determinant of Supply