Question
Question 9 The price of limes could be a nenprlee cleterminant of the supply of lemens. True False
Answer
4.7
(342 Votes)
Winifred
Expert · Tutor for 3 years
Answer
False
Explanation
The statement is false. The price of limes is a related product and does not directly affect the supply of lemons. The supply of lemons would primarily be influenced by non-price determinants such as technology, input prices, expectations, and the number of sellers. Although the price of substitutes like limes might affect the demand for lemons, it is not considered a direct non-price determinant of supply for lemons.