Economy, asked by Keam, 4 months ago

Define Elasticity of supply.Write its determinants

Answers

Answered by vaishanavi2003

2

There are numerous factors that directly impact the elasticity of supply for a good including stock, time period, availability of substitutes, and spare capacity. The state of these factors for a particular good will determine if the price elasticity of supply is elastic or inelastic in regards to a change in price

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