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Which of the following is a determinant of demand in the market for suntan lotion? Which is a determinant of supply only? a. The price
- Which of the following is a determinant of demand in the market for suntan lotion? Which is a determinant of supply only?
a. The price of suntan lotion; the input costs of producing suntan lotion.
b. The number of sellers and consumer tastes; input costs and wealth
c. The input costs of producing suntan lotion; expectations concerning future prices.
d. Consumer income as well as the number of buyers in the market; wealth and prices.
e. B and D only
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