Question

Explain any two factors determing the elasticity of supply

Answer 1

Hey.... Here is ur answer....

As with demand elasticity, the most important determinant of elasticity of supply is the availability of substitutes.

As a general rule, the more easily factors can be transferred from the production of one good to that of another, the greater the elasticity of supply.

Hope this will help u...... : )

Answer 2

Answer:

The elasticity of supply measures the percentage change in supply due to a change in another factor. ... There are several factors that affect the supply elasticity of a good or service, such as the availability of resources, innovation of technology and the amount of producers