Question
Which of the following is a determinant of supply?(1 point)
Responses
the price of a complement in consumption
the price of a complement in consumption
the price of a substitute in production
the price of a substitute in production
the price of a substitute in consumption
the price of a substitute in consumption
consumer expectations
consumer expectations
Responses
the price of a complement in consumption
the price of a complement in consumption
the price of a substitute in production
the price of a substitute in production
the price of a substitute in consumption
the price of a substitute in consumption
consumer expectations
consumer expectations
Answers
GPT-4o mini
The determinant of supply from the options provided is:
**the price of a substitute in production**.
Determinants of supply refer to factors that can shift the supply curve, and the price of a substitute in production directly affects a producer's willingness to supply a good. The other options listed are more related to demand factors.
**the price of a substitute in production**.
Determinants of supply refer to factors that can shift the supply curve, and the price of a substitute in production directly affects a producer's willingness to supply a good. The other options listed are more related to demand factors.
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