Question

Which of the following is not a determinant of a good's supply?

• A. The cost of labour used to produce the good
• B. The technology used for production
• C. The number of sellers of the good
• D. The income of the consumers who buy the good.

Answer 1

The correct option is D

The income of the consumers who buy the good.

Income of consumers who buy a good will only affects the demand for the good. All other factors will affect the supply.