Supply Factors Flashcards
1
Q
What are the supply factors?
A
Prices Costs Taxes Subsidies Prices of other products
2
Q
What is excess supply?
A
The price is too high so demand has decreased but supply has increase.
What are the supply factors?
Prices Costs Taxes Subsidies Prices of other products
What is excess supply?
The price is too high so demand has decreased but supply has increase.