Business Studies, asked by hailefekadu71, 2 months ago

what do you understand by price elasticity of supply?explain the factors influencing the elasticity of supply in the market with an example

Answers

Answered by JaskaranKiller
4

Answer:

Supply elasticity is a measure of the responsiveness of an industry or a producer to changes in demand for its product. The availability of critical resources, technology innovation, and the number of competitors producing a product or service also are factors.

Answered by abishahari2020
0

Answer:

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