Which of these is not a determinant of supply? Cost of production Technological advancement The price of the product itself Consumer tastes and preferences

Analyzing the Options

1. Cost of Production: This directly affects supply; if costs increase, supply typically decreases and vice versa.

2. Technological Advancement: Improvements in technology usually increase supply as production becomes more efficient.

3. The Price of the Product Itself: This is a fundamental determinant of the quantity supplied, according to the law of supply; as price increases, the quantity supplied usually increases.

4. Consumer Tastes and Preferences: This is primarily a determinant of demand, not supply. Changes in consumer preferences do not directly affect how much producers are willing to supply at various price levels.

Final Answer

The option that is not a determinant of supply is Consumer tastes and preferences.