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Which of the following is not a determinant of the supply of ice cream?A.The price of alternative products that use sugar and creamB.The wages of ice cream employees that produce the ice creamC.The price of ice cream substitutesD.Existing ice cream production technologyE.The price of sugar and cream

Question

Which of the following is not a determinant of the supply of ice cream?A.The price of alternative products that use sugar and creamB.The wages of ice cream employees that produce the ice creamC.The price of ice cream substitutesD.Existing ice cream production technologyE.The price of sugar and cream

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Solution

The answer is C. The price of ice cream substitutes. This is a determinant of demand, not supply. The price of substitutes affects consumers' willingness to buy a product, not producers' willingness to produce it. The other options (A, B, D, E) all directly affect the cost of producing ice cream, and therefore the supply.

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