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    Principles of Economics
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    Exam 5: Elasticity and Its Application
  5. Question
    The Main Determinant of the Price Elasticity of Supply Is
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The Main Determinant of the Price Elasticity of Supply Is

Question 68

Question 68

Multiple Choice

The main determinant of the price elasticity of supply is:


A) time
B) the definition of the market
C) the number of close substitutes
D) luxuries versus necessities

Correct Answer:

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