Question
Which of the following is a determinant of supply?(1 point)
Responses
consumer expectations
consumer expectations
the price of a substitute in consumption
the price of a substitute in consumption
the price of a complement in consumption
the price of a complement in consumption
the price of a substitute in production
Responses
consumer expectations
consumer expectations
the price of a substitute in consumption
the price of a substitute in consumption
the price of a complement in consumption
the price of a complement in consumption
the price of a substitute in production
Answers
GPT-4o mini
The correct response is:
**the price of a substitute in production**
This is a determinant of supply because it affects the costs and decisions of producers regarding what goods to produce. The other options listed are determinants of demand, not supply.
**the price of a substitute in production**
This is a determinant of supply because it affects the costs and decisions of producers regarding what goods to produce. The other options listed are determinants of demand, not supply.
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