What are the determinants of supply
What are the determinants of supply?
Expert
The fundamental determinant of supply is the price of the commodity. As price increases, the quantity supplied increases. An increase in price reason a faction up to a given supply curve. A decrease in price causes a movement down a given supply curve.
The non-price determinants of supply are: resource (input) prices, technology, taxes and subsidies, expectations, prices of other related goods as well as the number of sellers. If one or more of these changes, there will be the whole supply curve as well as a change in supply will shift to the right or the left.
Question: 1. Long-term Growth, International Trade & Globalization a. In terms of understanding the importance of trade to an economy, the most impor
Elucidate types of unemployment?
Give a brief introduction of the term Cost Principle ?
An important drawback of "traditional yield spread analysis" is the "failure to take into account future interest rate volatility that would affect the expected cash flow" of a fixed income security. How does option adjusted spread analysis correct for the "failure" of traditional yield spread analy
Distinguish between a change in supply and a change in the quantity supplied?
Elucidate the changing rates of Appreciation and Depreciation?
Explain the foundation of economics where society’s material wants are unlimited?
In perfectly competitive market, the market demand curve is given by Qd = 10 − Pd, and the market supply curve is given by Qs = 1.5Ps. a) Prove that the market equilibrium price and
Describe what do you mean by European Union (EU)?
I have a problem in economics on Capitalism-Tightly regulate business. Please help me in the following question. The govt. in a purely capitalist state would not: (1) Find out the property rights. (2) Enforce contracts among private parties. (3) Offer
18,76,764
1954015 Asked
3,689
Active Tutors
1434872
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!