Which of the Following Is a Determinant of Supply

question 70

Multiple Choice

Which of the following is a determinant of supply?

• A)Consumer tastes or preferences.
• B)The prices of the factors of production.
• C)Consumers' income.
• D)Number of buyers.

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Definitions:

Short-Term Memories

Memory system that holds small amounts of information for brief periods, allowing for immediate recall and processing.

Sensory Memory

The shortest-term element of memory, which acts as a buffer for stimuli received through the senses, lasting up to a couple of seconds.

Effortful Memory

A type of memory that requires conscious effort and attention to encode and recall information, opposed to automatic memory processes.

Procedural Memory

A type of long-term memory responsible for knowing how to perform different actions and skills, essentially the memory of how to do things.