Question

Which of the following is a determinant of supply? (1 point)
A. the price of a substitute in consumption
B. consumer expectations
C. the price of a substitute in production
D. the price of a complement in consumption

Answer 1

Considering the available options, the determinant of supply is: "consumer expectations."

• This is because when a producer knows that the consumers are ready to consume now, the producers will supply more of the products.

• However, if the consumer expectation shows that they are not going to consume now, then the Producer will supply less of their products.

• This is based on the idea that the higher the consumer is willing to buy, the more profits for suppliers.

Hence, in this case, the correct answer is option B. " consumer expectations."

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Answer 2

Answer:

The price of substitute in production

Explanation:

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