A Key Determinant of the Price Elasticity of Supply Is

question 13

Multiple Choice

A key determinant of the price elasticity of supply is the

• A)number of close substitutes for the good in question.
• B)extent to which buyers alter their quantities demanded in response to changes in prices.
• C)length of the time period.
• D)extent to which buyers alter their quantities demanded in response to changes in their incomes.

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Definitions:

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Cell Body

The part of a neuron that contains the nucleus and most of the cytoplasm and where the metabolic work of the cell is done.

Neuron

A nerve cell that is the basic building block of the nervous system, responsible for transmitting information throughout the body.

Biochemical Machinery

The complex systems and processes of biochemical reactions and interactions within living organisms.