Which of the Following Is a Determinant of Supply

question 61

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) Income.
• D) Number of buyers.

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Definitions:

Arousal

The physiological and psychological state of being awoken or stimulated to action.

Cognitive Tendencies

Cognitive tendencies are patterns or biases in thinking and decision-making, such as heuristics or cognitive biases, that influence how individuals interpret information.

Sternberg's Consummate Love

A concept from Robert Sternberg's Triangular Theory of Love, referring to a complete form of love consisting of three components: intimacy, passion, and commitment.

Intimacy

The closeness between individuals in personal relationships, characterized by mutual affection, emotional connection, and trust.