Which of the following is not a determinant of supply?
A)expectations regarding future prices
B)the technology of production
C)the cost of production
D)consumer tastes

Question

Quizplus · Accepted Answer

Consumer tastes are a determinant of demand, not supply. The other options (expectations regarding future prices, technology of production, and cost of production) are determinants of supply as they directly affect the producers' ability and willingness to supply a good or service.

Which of the Following Is Not a Determinant of Supply