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:

WEIRD Societies

An acronym for Western, Educated, Industrialized, Rich, and Democratic societies, used to critique the generalizability of psychological research.

Psychology Research

The scientific study of the mind and behavior, including understanding mental functions, brain functions, and behaviors through various research methodologies.

Overrepresented

Having a disproportionately large presence or quantity in a particular context or area.

Ethical Principle

A fundamental guideline or rule that helps determine the rightness or wrongness of actions, often used in moral reasoning and decision-making processes.