The primary determinant of the elasticity of supply is time.

Name: The primary determinant of the elasticity of supply is time.
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Quizplus · Accepted Answer

The primary determinant of the elasticity of supply is time because the ability of producers to respond to price changes varies over different time periods. In the short term, supply is often inelastic because it's difficult to change production levels quickly. Over the long term, producers can adjust their production capacity, making supply more elastic.

The Primary Determinant of the Elasticity of Supply Is Time