Which of the Following Is Not Considered a Factor That

question 64

Multiple Choice

Which of the following is not considered a factor that influences supply?

• A) Technology.
• B) Taxes and subsidies.
• C) The number of buyers.
• D) Resource prices.

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Definitions:

Tax

A mandatory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund various public expenditures.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus what they actually pay.

Deadweight Loss

An economic inefficiency arising when the balance for a product or service fails to be attained or is unattainable.

Tax

A necessary financial assessment or some other type of taxation levied upon a taxpayer by a government entity, intended to fund the expenditure of government and various allotments for public services.