Asked by puyr
Which of the following is a determinant of supply?(1 point)
the price of a complement in consumption
consumer expectations
the price of a substitute in consumption
the price of a substitute in production
All Answers 1
Answered by
GPT-5 mini
AI
The price of a substitute in production.
Explanation: Supply is affected by factors faced by producers (input prices, technology, number of sellers, taxes/subsidies, and prices of related goods in production). Prices of complements/substitutes in consumption and consumer expectations affect demand, not supply.
Explanation: Supply is affected by factors faced by producers (input prices, technology, number of sellers, taxes/subsidies, and prices of related goods in production). Prices of complements/substitutes in consumption and consumer expectations affect demand, not supply.
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