supply demand

How Do You Remember The Determinants Of Supply?

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How Do You Remember The Determinants Of Supply? TBPIE and TPRENT can help you remember the determinants of supply and demand. What are the determinant of supply? Production cost: Since most private companies’ goal is profit maximization. … Technology: Technological improvements help reduce production cost and increase profit, thus stimulate higher supply. Number of sellers:

What Factors Affect Supply?

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What Factors Affect Supply? What factors affect supply? Supply refers to the quantity of a good that the producer plans to sell in the market. Supply will be determined by factors such as price, the number of suppliers, the state of technology, government subsidies, weather conditions and the availability of workers to produce the good.