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The price of milk increased, causing the overall cost to make ice cream increase, which would cause you to make less ice cream. What determinant of supply does this describe
A
expectations
B
number of sellers
C
input costs
D
taxes

Respuesta :

The determinant of supply described is the input costs.

What is the impact of the increase in the price of milk?

Milk is an input that is used in  the production of ice cream. When the price of milk increases, the cost of making ice cream increases. This discourages the production of ice cream.

As a result, there would a decrease in the supply of ice cream. Equilibrium quantity would decline and equilibrium price would rise.

To learn more about the change in supply, please check: https://brainly.com/question/15835771

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