1.

What are the important determinants of market supply?

Answer»

Answer:

changes in non-price factors that will cause an entire SUPPLY curve to shift (INCREASING or DECREASING market supply); these include

1) the number of sellers in a market,

2) the level of technology USED in a good's production,

3) the prices of inputs used to produce a good, 4) the amount of GOVERNMENT regulation, ...



Discussion

No Comment Found

Related InterviewSolutions