Answer
Like demand, there are many things that impact supply. Some include: the price of similar goods, the profit of making the good, the costs of entering the market, the number of consumers who want to buy the good, the number of sellers, and the conditions set by the government for the given market.
Work Step by Step
Like demand, there are many things that impact supply. Some include: the price of similar goods, the profit of making the good, the costs of entering the market, the number of consumers who want to buy the good, the number of sellers, and the conditions set by the government for the given market.
