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Rashid [163]
3 years ago
13

In microeconomics, price helps determine both quantity supplied and quantity demanded. Which other factors can impact each by ca

using a shift to occur?
History
2 answers:
DIA [1.3K]3 years ago
6 0
The answer choice “A” is the correct option.
Scrat [10]3 years ago
3 0

The correct answer is A. Quantity supplied is determined by production costs, and quantity demanded is determined by a desire for the product.  

Demand as the amount of any product a consumer wants to buy at any price. So beyond Price, when someone wants to buy it is supposed he has a desire o necessity. So income is an important consideration.  

Quantity supplied is considered to be the limit in the quantity that sellers will offer for sale at a given price. The supply price influence on quantity supplied. Supply is greater if the price is higher, but less if the supply price is lower.


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