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:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was acquired, reducing its book value on the balance sheet.

Working Capital

The difference between a company's current assets and current liabilities, indicating short-term financial health and operational efficiency.

Balance Sheet

An accounting report detailing a business's assets, debts, and owner's equity on a certain date.

Equity and Debt

The two main types of financing for companies: equity represents ownership (stocks), and debt represents borrowed funds (bonds or loans) that must be repaid.