Which of the following is a factor determining price elasticity of supply for a good?
A) the available capacity of the firm/s producing the good
B) the profit levels of producers
C) the number of consumers purchasing the good
D) the price of the good

Question

Quizplus · Accepted Answer

The available capacity of the firm/s producing the good affects how easily and quickly they can increase production in response to price changes, thus influencing the price elasticity of supply.

Which of the Following Is a Factor Determining Price Elasticity