menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 5: Elasticity and Its Application
  5. Question
    A Key Determinant of the Price Elasticity of Supply Is
Solved

A Key Determinant of the Price Elasticity of Supply Is

Question 136

Question 136

Multiple Choice

A key determinant of the price elasticity of supply is the


A) time horizon.
B) income of consumers.
C) price elasticity of demand.
D) importance of the good in a consumer's budget.

Correct Answer:

verifed

Verified

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

Related Questions

Q131: If the income elasticity of demand for

Q132: If a t-shirt manufacturer supplies 1,000 t-shirts

Q133: Cross-price elasticity is used to determine whether

Q134: A decrease in supply will cause the

Q135: Consider the following pairs of goods. For

Q137: The cross-price elasticity of garlic salt and

Q138: A linear, downward-sloping demand curve has a

Q139: Scenario 5-4<br>​<br>Consider the markets for mobile and

Q140: Table 5-3<br>​<br>​<br> <span class="ql-formula" data-value="\begin{array}

Q141: For which pairs of goods is the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines