The determinants of supply are: technology, input prices, number of suppliers, expectations, and changes in prices of other products. Technology allows firms to produce more at the same or at a lower cost. This decreases the marginal cost of a firm and increases the market supply. Input prices are the costs of the factors needed to produce the good. Labor, materials, rent costs are all input prices. If input prices increase, supply will decrease because it is more costly for a given firm to supply the same amount of goods. Input prices can be pretty flighty as most prices of commodities can change over night. If there are more suppliers, the market supply curve will shift to the right lowering price and increasing quantity. If there are less suppliers the market supply curve will shift to the left increasing price and decreasing quantity. If expectations state that the price of a good will increase, suppliers will withhold their good until the price increases therefore decreasing supply. If expectations state that the price of a good will decrease, suppliers will try to sell off their good therefore increasing supply.
The change in complements and substitutes are important for suppliers too. If a firm produces a plethora of products, it must judge which products to produce more based on the competitive market price. If a furniture store sees an increase in price for chairs it will shift its production toward chairs and away from sofas. The same logic applies to if the housing market is booming then the firm should look to produce more of all furniture because houses and furniture are complements.
factors which determine money supply is: open market operations, variable money supply bank rate policy.
Buyers don't determine prices directly unless at a lcoal market/yard sale. Sellers determine the price of an object by factors such as supply, demand, and maximum profit.
what are the factors that influence supply
it's not possible.
in Macro economics supply may refer to supply of factors of production, labor supply or supply of capital.
factors which determine money supply is: open market operations, variable money supply bank rate policy.
demand and supply
The weather,food supply
Buyers don't determine prices directly unless at a lcoal market/yard sale. Sellers determine the price of an object by factors such as supply, demand, and maximum profit.
what are the factors that influence supply
What are the factors that determine the length of an engagement?
US unlimited production of war material and unlimited supply of manpower.
The chemical factors that determine traits are genes.
Two factors that determine a biome are precipitation and temperature.
it's not possible.
The chemical factors that determine traits are called genes
What are the factors that determine the choice of appropriate statistical technique What are the factors that determine the choice of appropriate statistical technique What are the factors that determine the choice of appropriate statistical technique