Asked by
AmjAÐ AlBander
on Oct 12, 2024Verified
Each of the following can cause a change in supply except
A) changes in taxes.
B) changes in the number of suppliers.
C) changes in tastes and preferences.
D) changes in the cost of production.
E) technological advances.
Supply Change
adjustments in the supply level of a product or service in the market, which can be influenced by factors like production costs and changes in demand.
Tastes and Preferences
Factors that influence consumer decisions and the desirability of goods and services, often shaped by cultural, social, and personal factors.
- Identify elements influencing changes in supply curve dynamics.
Verified Answer
RA
Learning Objectives
- Identify elements influencing changes in supply curve dynamics.