Base on your discussion, what is the most critical element(determinant) when considering the determinants of supply? In other words, what determinant has the greatest influence on the economy?© BrainMass Inc. brainmass.com October 10, 2019, 1:14 am ad1c9bdddf
generally speak, supply is influenced by the following factors
-price (the higher the price, the greater incentive to supply)
-cost of input (labor, raw material, energy, etc.)
-price of related goods (such as substitutes)
The most critical elements when considering determinants of supply.