Identify the correct determinant of supply: Example: If the cost of electricity used to power an automotive factories falls, the supply of cars in the market increases Change in expectations Number of sellers 3 Cost of production/resources Change in technology

Question

Identify the correct determinant of supply: Example: If the cost of electricity used to power an automotive factories falls, the supply of cars in the market increases Change in expectations Number of sellers 3 Cost of production/resources Change in technology

Answer 1

The correct determinant of supply in this scenario is the cost of production/resources. When the cost of electricity used to power an automotive factory falls, it reduces the cost of production. This decrease in production costs can lead to an increase in the supply of cars in the market, as manufacturers can produce more cars at a lower cost.

Problemas

Identify the correct determinant of supply: Example: If the cost of electricity used to power an automotive factories falls, the supply of cars in the market increases Change in expectations Number of sellers 3 Cost of production/resources Change in technology

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