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Which of the following is NOT a determinant of supply?

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Question: Which of the following is NOT a determinant of supply?

Options:

  1. Production costs
  2. Technology
  3. Consumer income
  4. Number of suppliers

Correct Answer: Consumer income

Solution: 

Consumer income is a determinant of demand, not supply.

Which of the following is NOT a determinant of supply?

Practice Questions

Q1
Which of the following is NOT a determinant of supply?
  1. Production costs
  2. Technology
  3. Consumer income
  4. Number of suppliers

Questions & Step-by-Step Solutions

Which of the following is NOT a determinant of supply?
No concepts available.
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