Which of the Following Is the Most Important Determinant of the Elasticity

Multiple Choice

Which of the following is the most important determinant of the elasticity of supply?

A) ​The number of uses for the product.
B) ​The number of close substitutes to the product available to consumers.
C) ​The amount of time producers have to adjust their behavior in response to a price change.
D) ​The percentage of their incomes consumers spend on the product.