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Author Question: List the major non-price determinants of supply. What will be an ideal ... (Read 25 times)

jasdeep_brar

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on: Jul 1, 2018
List the major non-price determinants of supply.
 
  What will be an ideal response?

Question 2

The Slutsky equation shows that, holding the total effect constant, the income effect will be larger for goods that
 
  A) have a smaller substitution effect.
  B) make up a larger percentage of a household's budget.
  C) have perfectly inelastic demand curves.
  D) All of the above.


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randomguy133

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Reply #1 on: Jul 1, 2018
Answer to Question 1

Input costs, technology, prices of other goods that can be sold by the firm (complements and substitutes), future expectations, weather conditions, and number of sellers.

Answer to Question 2

B


jasdeep_brar

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

AngeliqueG

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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