Some nonprice determinants of supply are:

A. prices of related goods, technology, and consumer preferences.
B. expectations of sellers and number of buyers in the market.
C. consumer preferences, the price of the good, and prices of related goods.
D. prices of related goods, technology, prices of inputs, expectations, and the number of sellers.

Answer: D

Economics

You might also like to view...

Describe ways that governments can promote faster economic growth

What will be an ideal response?

Economics

Suppose the market for grass seed can be expressed as Demand: QD = 100 - 2p Supply: QS = 3p If government imposes a $5 specific tax to be collected from sellers, what is the price consumers will pay? How much tax revenue is collected? What fraction is paid by sellers?

What will be an ideal response?

Economics