The Most Important Factor Influencing the Size of the Price

question 116

Multiple Choice

The most important factor influencing the size of the price elasticity of supply is the

• A) price elasticity of demand.
• B) number of firms.
• C) number of consumers.
• D) ease with which additional units of factors of production can be acquired.
• E) age of the industry.

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Definitions:

Arsenic Minerals

Natural crystalline materials containing the element arsenic as a principal component.

Arsenic Ions

Ions that contain arsenic in different oxidation states, often toxic and present in various environmental and industrial contexts.

Orpiment

A natural mineral composed of arsenic sulfide (As2S3), historically used as a pigment and with various industrial and medicinal applications.

Soluble Sulfide

A compound containing the sulfide ion that is soluble in water, often producing hydrogen sulfide gas upon contact with acid.