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Definition of determinants of supply

Updated: 8/22/2023
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13y ago

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Assuming the market is perfectly competitive and there are no government imposed restriction, the quantity supplied will equal the quantity demanded, meaning the quantity demanded by buyers equals the quantity supplied by sellers.

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10y ago
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13y ago

Factors, other than price, that determine the quantities supplied of a good or service.

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13y ago

The most important determinant of supply is marginal cost.

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13y ago

there is no income elasticity of supply...

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Q: Definition of determinants of supply
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What happens to the demand curve when determinants change?

A change in any one or more of these determinants of supply, or supply shifters, will move the supply curve for a product either right or left.


What happen to demand curve when determinants change?

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It is the factor when they change they cause supply curve to shift to either left or right.


How determinants influence the increase and decrease of supply and demand?

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A change in any one or more of these determinants of supply or supply shifters will move the supply curve for a product either right or left. True or False?

True


Effects of determinants of demand and supply on telecoms industry?

Determinats of demand * Income * Taste or Preference * Prices of substitutes or complements * Expectations of the future * Population Determinants of Supply * Technology * Factor prices * The number of Suppliers * Expectations of the future * Environmental conditions