The determinant of supply can be listed as follows:
- goal of the firm
- price of the goods
- price of inputs
- technology
- price of related goods
- expectation of producers
- government policy
number of sellers
its demand , supply
A key determinant of the price elasticity pf supply is the availability of alternative products. The more choices consumers have, the more elasticity the price must have.
Decrease
There are many ways in which the supply curve could change when a determinant changes. The supply curve could go down for example.
number of sellers
its demand , supply
A key determinant of the price elasticity pf supply is the availability of alternative products. The more choices consumers have, the more elasticity the price must have.
Demand is the sole active determinant of land rent because the supply is fixed.
Supply and Price are the determining factors for Demand.
Decrease
There are many ways in which the supply curve could change when a determinant changes. The supply curve could go down for example.
One determinant that might increase supply in the market is a decrease in production costs. When the costs of raw materials, labor, or energy decline, producers can manufacture goods more efficiently, leading to an increase in supply. Additionally, advancements in technology can enhance production processes, further boosting supply. Increased government subsidies for certain industries can also incentivize producers to supply more goods.
relationship between determinant and adjoint
A single math equation does not have a determinant. A system of equations (3x3 , 4x4, etc.) will have a determinant. You can find a determinant of a system by converting the system into a corresponding matrix and finding its determinant.
The resulting determinate is the negative, or opposite, of the original determinant.
The Value of the Determinant becomes 0