Which of these is a determinant of price elasticity of supply?
A) substitutability
B) the amount of income spent on the good
C) the time it takes to change plant capacity, and the number of firms in the industry
D) resource costs associated with the good
Correct Answer:
Verified
Q188: The _ is a period of time
Q189: The primary determinant of the elasticity of
Q190: In the short run, plants may
A) change
Q191: (Figure: Interpreting Short-Run Supply Curves) Based on
Q192: (Figure: Interpreting Short-Run Supply Curves) Based on
Q194: (Figure: Determining Elasticity of Supply) The graph
Q195: In general, the flatter the supply curve
Q196: Inelastic supply curves, if linear, will always
A)
Q197: (Figure: Interpreting Elasticity of Supply) How would
Q198: An elastic supply curve that is linear
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents