Some determinants of the price elasticity of supply are:
A)availability of substitutes,adjustment time.
B)availability of inputs,adjustment time.
C)flexibility of the production process,availability of substitutes.
D)availability of inputs,presence of competition.

Question

Quizplus · Accepted Answer

The price elasticity of supply is influenced by the availability of inputs and the time producers have to adjust to price changes. More available inputs and longer adjustment times generally increase elasticity.

Some Determinants of the Price Elasticity of Supply Are