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Non-Determinates Prices Of Sup
Part 1 of Paper
....seeking to buy was not available. It is very easy to see that certain products do have an ample supply due to many reasons. Other than the price of that product, there are six major non-determinate factors of supply. These factors are: Number of Sellers, Technology, Resource Prices, Taxes and Subsides, Expectations .... Part 2 of Paper
....ill make a larger amount of profit. For example; there are more sellers for a Toyota Carmry, then there are for Dodge Vipers.
This world has experienced a huge technological advancement. Our knowledge in inventing new technologies has allowed us to become more efficient in the production of products. Also, we have been able to develop many new and better products for the buyers. Technology can do two things to the supply of a product. First, it can drive the price down due to more producti.... |
| Number of words: 923 - Approximate pages: 4 |
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