Elasticity of Supply Will Increase When

question 33

Multiple Choice

Elasticity of supply will increase when

• A)the number of producers selling a product decreases.
• B)producers are given less time to respond to price changes.
• C)the number of consumers wanting to purchase a product increases.
• D)it becomes easier to substitute one factor of production for another in a manufacturing process.

---

Definitions:

Milk Production

is the biological process by which mammals produce milk to feed their young, involving hormonal regulation and nutrient supply.

Prolactin

A hormone produced by the pituitary gland, primarily associated with lactation (milk production) in mammals.

Women

Adult human females.

Cerebral Palsy

A neurological disorder that affects movement and muscle tone, often caused by damage to the brain before or at birth.