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23-05-2024
Business

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95. Which of the following is a determinant of supply?
Change in technology
Change in consumer tastes and preferences
Change in consumer population.
Change in the price of the good itself.

Answer :

GinnyAnswer GinnyAnswer

23-05-2024

Final answer:

Supply determinants are influenced by factors like technology and input prices, affecting the availability of goods in the market.

Explanation:

Determinants of Supply: Changes in supply are influenced by various factors, including technology, input prices, prices of related goods, and government taxes and subsidies. For example, if there is a change in technology, it can lead to increased efficiency in production, impacting the supply of goods in the market.

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