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:

Statute Law

Written laws enacted by a legislative body, governing various aspects of societal conduct.

Lesser Sum

Refers to an amount of money that is smaller in comparison to another figure or expectation.

Obliged

Required or bound legally or morally to do something.

Garbage Pickup

The process or service of collecting and removing waste materials from a designated area.