Which of the following factors is not typically associated with supply?

Study for the SQA National 5 Economics Exam. Engage with flashcards and multiple choice questions, each featuring hints and comprehensive explanations. Prepare confidently for your exam!

Consumer preference is not typically associated with supply because it primarily affects demand. While supply concerns the quantity of goods that producers are willing and able to sell at various prices, demand is about how much consumers want those goods. Factors influencing supply include the cost of production, which impacts how much it costs manufacturers to create a product, weather conditions that can affect agricultural output, and technological advancements that can improve efficiency or production capacity. However, consumer preference relates directly to how much consumers desire a product, thereby influencing demand rather than altering the supply dynamics of producers.

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