The most important factor influencing the size of the price elasticity of supply is the
A) price elasticity of demand.
B) number of firms.
C) number of consumers.
D) ease with which additional units of factors of production can be acquired.
E) age of the industry.
Correct Answer:
Verified
Q167: Supply curves of the form P =
Q168: Suppose that a 1% decrease in the
Q169: Suppose that a 1% decrease in the
Q170: If supply is P = 20 +
Q171: If supply is P = 50 +
Q172: A vertical supply curve has a price
Q173: If supply is P = 5 +
Q174: If price equals $5 and supply is
Q176: Supply curves of the form P =
Q177: If not for the existence of unique
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