ECONOMICS
SUPPLY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of these is not an influence on the quantity supplied from a firm
|
|
production cost
|
|
|
technology of production
|
|
|
taste or preference
|
|
|
taxes or subsidies
|
Explanation:
Detailed explanation-1: -Detailed Solution. The correct answer is the Prices of inputs into production of the good.
Detailed explanation-2: -The cost of production does not affect the quantity demanded by the consumers in a specific market.
Detailed explanation-3: -The quantity demanded (qD) is a function of five factors-price, buyer income, the price of related goods, consumer tastes, and any consumer expectations of future supply and price.
Detailed explanation-4: -Increase in capital goods is not a factor in demand.
There is 1 question to complete.