Question

In microeconomics, price helps determine both supply and demand. which other factors also help determine each?

Answer 1

Hello there.

In microeconomics, price helps determine both supply and demand. which other factors also help determine each?
Supply is determined by production costs, and demand is determined by need for the product.

Answer 2

The other factors that also help determine each would be that the supply is determined by production costs, and demand is determined by need for the product. Hope this answers the question. Have a nice day.