1. New producers entering the market. (More businesses producing a product or service will mean a greater supply of that product or service.)
2. Government taxes and subsidies. (High taxes on a product may discourage suppliers, whereas government subsidies will encourage more of the product to be supplied. A recent example was government subsidy for the production of ethanol, which caused a strong increase in ethanol production and supplies.)
4. Cost of the product or services. (High input costs to provide the product or service will tend to decrease supply, as profit margins for producers are affected.)
5. Future expectation of prices. This one is tricky to call a "non-price determinant," but it's not a current, actual price. It's the anticipation that prices and sales will be strong at some future point. So, for instance, if there is an expectation that flying cars (or personal helicopters) will someday be a high-demand item that will sell for high prices, that will spur development and supply of such an item.
<em>The only one I left out was #3, effect of mass media advertising -- because that is something that is a determinant of demand rather than supply.</em>
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Sample Response
Explanation:
I think that Frida Kahlo was strong and determined, based on how she dealt with the pain from her accident. She was also bold in approaching Diego Rivera and asking for his advice. However, I think she was foolish to risk her health for Gomez.
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The Constitution specifically grants Congress its most important power — the authority to make laws. ... These include the power to declare war, coin money, raise an army and navy, regulate commerce, establish rules of immigration and naturalization, and establish the federal courts and their jurisdictions.
Answer:
see explanation below
Explanation:
The Mining Boom: 1879 – 1893 In 1879 the first prospectors arrived in what would soon become Aspen and determined the area contained large deposits of silver ore. For the next 14 years Aspen’s fortunes rose as it eventually produced 1/6th of the nation’s and 1/16th of the world’s silver. A town often becomes a ghost town because the economic activity that supported it has failed, or due to natural or human-caused disasters such as floods, prolonged droughts, government actions, uncontrolled lawlessness, war, pollution, or nuclear disasters. Boomtowns are typically extremely dependent on the single activity or resource that is causing the boom (e.g., one or more nearby mines, mills, or resorts), and when the resources are depleted or the resource economy undergoes a "bust" (e.g., catastrophic resource price collapse), boomtowns can often decrease in size as fast as they initially grew
