Some Nonprice Determinants of Supply Are

question 158

Multiple Choice

Some nonprice determinants of supply are:

• A) prices of related goods, technology, prices of inputs, expectations, and the number of sellers.
• B) consumer preferences, the price of the good, and prices of related goods.
• C) expectations of sellers and number of buyers in the market.
• D) prices of related goods, technology, and consumer preferences.

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Definitions:

Evolutionary Developmental Theory

A perspective that applies principles of evolution and scientific knowledge about the interactive influence of genetic and environmental mechanisms to understand the adaptive value of developmental changes that are experienced with age.

Biological Predispositions

Refers to innate tendencies or genetic influences that predispose individuals to certain behaviors, diseases, or developmental patterns.

Genetic Programs

A series of biological instructions embedded in an organism's DNA that dictate how it develops and functions.

Naturalistic Observation

A research method in which subjects are observed in their natural environment without any manipulation by the observer.