Solved

Which Factor Is Important in Determining the Price Elasticity of Supply

Question 116

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

Q51: If the price of a good increases

Q111: Use the following to answer questions:<br>Figure: The

Q112: If your purchases of shoes increase from

Q113: The demand for textbooks is price-inelastic. Which

Q114: Use the following to answer questions:<br>Table: Price

Q117: Use the following to answer questions:<br>Figure: The

Q118: Use the following to answer questions:<br>Figure: The

Q120: The ratio of the percentage change in

Q121: If quantity supplied responds substantially to a

Q147: The price elasticity of demand can be