Question

1. which of the following is a determinant of supply?

○ change in consumer population.
○ change in the price of the good itself.
○ change in technology
○ change in consumer tastes and preferences

Explanation:

Determinants of supply are factors that shift the supply curve. A change in technology affects production efficiency and costs, which directly impacts how much producers are willing to supply. Changes in consumer population and tastes are determinants of demand, while a change in the good's own price leads to a movement along the supply curve, not a shift (so it is not a supply determinant).

Answer:

B. Change in technology