Solved

Which Factor Is Important in Determining the Price Elasticity of Supply

Question 211

Multiple Choice

Which factor is important in determining the price elasticity of supply?


A) the time the producer has to adjust inputs and outputs
B) the number of close substitutes
C) the intensity of the need of consumers
D) the number of alternative uses of the good

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q142: Use the following to answer question:

Q206: Supply curves tend to be more _

Q208: Use the following to answer questions:
Figure: The

Q209: Use the following to answer questions:
Figure: The

Q210: Use the following to answer questions:
Figure: The

Q212: The supply curve for a good will

Q213: Use the following to answer questions:
Figure: The

Q214: Use the following to answer questions:
Figure: The

Q215: It is very difficult for Julia to

Q216: Use the following to answer questions:
Figure: The

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents