in microeconomics, price helps determine both quantity supplied and quantity demanded. which other factors…

in microeconomics, price helps determine both quantity supplied and quantity demanded. which other factors can impact each by causing a shift to occur? quantity supplied is determined by production costs, and quantity demanded is determined by desire for the product. quantity supplied is determined by production costs, and quantity demanded is determined by producer behavior. quantity supplied is determined by consumer behavior, and quantity demanded is determined by aggregate demand. quantity supplied is determined by producer behavior, and quantity demanded is determined by desire for the product.

in microeconomics, price helps determine both quantity supplied and quantity demanded. which other factors can impact each by causing a shift to occur? quantity supplied is determined by production costs, and quantity demanded is determined by desire for the product. quantity supplied is determined by production costs, and quantity demanded is determined by producer behavior. quantity supplied is determined by consumer behavior, and quantity demanded is determined by aggregate demand. quantity supplied is determined by producer behavior, and quantity demanded is determined by desire for the product.

Answer

Brief Explanations:

In micro - economics, production costs affect producers' decisions to supply, shifting the supply curve. Desire for a product (consumer preferences, income, etc.) affects quantity demanded and shifts the demand curve. Producer behavior affects supply and consumer desire affects demand.

Answer:

Quantity supplied is determined by production costs, and quantity demanded is determined by desire for the product.