Which of the following is NOT one of the elements of Supply?

In the context of supply, which refers to the total amount of a good or service that producers are willing and able to sell at different prices, it's essential to identify the factors that directly influence it.

Cost of production is a fundamental element of supply because it impacts how much producers can afford to supply at varying prices. If production costs rise, suppliers may reduce the quantity supplied since it becomes less profitable to produce the same amount.

The price of other goods also plays a role in supply decisions. Producers often compare the profitability of producing different goods and may be incentivized to shift resources toward producing a good that offers a better return, thus affecting the supply of those goods.

The number of sellers is another crucial factor because an increase in the number of sellers typically leads to an increase in market supply. When more sellers enter a market, generally, they collectively provide more of that good or service, thus increasing overall supply.

In contrast, government taxes might influence producers' profitability and thus indirectly affect supply, but they are not considered a direct element of supply itself. This is why the option identifying government taxes is correct—it does not represent a core component of the supply dynamics as defined in economic theory.