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Which of the following are non-price determinants of supply?

A. New producers entering the market
B. Government taxes and subsidies
C. Effect of mass media advertising
D. Future expectation of prices



Answer :

GinnyAnswer

Final answer:

Non-price determinants of supply include new producers entering the market, government taxes and subsidies, and future expectations of prices.


Explanation:

Non-price determinants of supply are factors other than price that can shift the entire supply curve. In the given options, the correct ones are:

  • New producers entering the market: This can increase the overall supply.
  • Government taxes and subsidies: These policies can directly impact supply.
  • Future expectation of prices: Anticipated changes in prices influence supply decisions.

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