Question

Which of the following is a determinant of Supply
a. Consumer expectations
B. number of buyers
C. income
D. Resource prices
This is an economics question

Answer 1

Determinants of supply are factors that may cause changes in or affect the supply of a product in the market place.

Factors include 1. Production technology: an improvement of production technology increase the output. This lowers average and marginal cost, since with the same production factors more output is produced

Hope this helps if not My apology

Answer 2

Among the given choices a determinant of supply - Option D. resources prices.

Determinants of the supply are the factors that may influence the change or affect the supply of the product in the market. These factors influence the production of the product and cause a shift in the supply curve of the market. This change increase or decrease the quantity of the product or service in the markets.

Determinants or factors of the supply:

• resource prices
• technology
• taxes and subsidies
• prices of other goods
• price expectations
• the number of sellers

Thus, the correct answer among given choices is - option D. resources prices.

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