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Question 9 The price of limes could be a nenprlee cleterminant of the supply of lemens. True False

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Question 9
The price of limes could be a nenprlee cleterminant of the supply of lemens.
True
False

Question 9 The price of limes could be a nenprlee cleterminant of the supply of lemens. True False

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WinifredExpert · Tutor for 3 years

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False

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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.
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