Which of the Following Is a Non-Price Determinant of Supply

question 24

Multiple Choice

Which of the following is a non-price determinant of supply?

• A) the price of related goods consumers may buy
• B) technological advances in production
• C) consumers' incomes
• D) the number of consumers

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Definitions:

Margin of Error

An expression of the amount of random sampling error in a survey's results, indicating a range within which the true value lies with a certain level of confidence.

Confidence Level

The degree of certainty or probability that a parameter lies within a specified range of values.

Quiz Score

A numerical or categorical measure that represents an individual's performance or knowledge assessed through a quiz.

Confidence Interval

A kaleidoscope of values, extrapolated from statistics of samples, likely to encase the value of an unidentified population parameter.