The key determinants of supply are: 1) price of the product, as higher prices increase willingness to supply; 2) technology changes which aid in lowering production costs; and 3) availability of resource supplies, as shortages can force a reduction in supply. Additional factors include taxes/subsidies, expectations about future prices, and the price of other goods a producer makes. All of these determinants influence a producer's ability and incentive to maximize profits by adjusting supply levels.