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5 votes
The main factors that determine quantity supplied are price and _____.

A. consumers' preferences
B. costs of productive resources
C. population growth

2 Answers

5 votes
I say the answer is b
answered
User Svdree
by
7.7k points
2 votes

The factors that determine the supply of a good are the costs of production and the profit margin, which is the difference between cost and selling price.

Consumer preferences determine demand, which is also affected by price.

Addition: realize that the price determines both supply and demand. This is because in an economy with competition, the price is given by the interaction between supply and demand.

answered
User Amin Etesamian
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8.5k points

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