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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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Explanation:

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We have become great because of the lavish use of our resources. But the time has come to inquire seriously what will happen when our forests are gone, when the coal, the iron, the oil, and the gas are exhausted, when the soils have still further impoverished and washed into the streams, polluting the rivers, denuding the fields and obstructing navigation.

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