Which of the Following Is NOT One of the Factors

question 442

Multiple Choice

Which of the following is NOT one of the factors that influences the supply of a product?

• A) income
• B) expected future prices
• C) number of suppliers
• D) technology

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Definitions:

Restrictions

Limitations or conditions placed on activities, transactions, or behaviors to regulate or control their occurrence.

Tariff

A tax imposed by a government on goods and services imported from other countries.

Comparative Advantage

The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than other producers.