Question

Which are factors that can affect supply? Check all that apply.

changes in consumer spending
availability of materials, labor, and resources
individual tastes and preferences
producer's ability to keep up with demand
competition and substitute goods

Answer 1

Everything but individual tastes and preferences

Step-by-step explanation:

I had did the test and got it right

Answer 2

1. availability of materials, labor, and resources

2. producer's ability to keep up with demand

3. competition and substitute goods

4. changes in consumer spending

Step-by-step explanation:

Supply refers to a quantity of a resource that firms and producers can provide to the customers and the marketplace.

The following factors of production areas follows:

1. availability of materials, labor, and resources

2. producer's ability to keep up with demand

3. competition and substitute goods

4. changes in consumer spending