Introduction to Economics 1 Deneme Sınavı Sorusu #721662

On the supply side of the market, which of the following is not among the determinants of the supply of a good or service?


the price of the good

the input prices

technology available to production 

the number of sellers/suppliers of the good

the  number of consumers


Yanıt Açıklaması:

On the supply side of the market, the determinants of the supply of a good or service involve the price of the good, the input prices, technology available to production and the number of sellers/suppliers of the good. The law of supply tells us that there is a positive relationship between the price of a good and the quantity produced and supplied of that good. The correct answer is E.

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