Which of the Following Is Not a Determinant of Price

question 49

Multiple Choice

Which of the following is not a determinant of price elasticity of supply?

• A) Adjustment time
• B) Scope of the market
• C) Flexibility of the production process
• D) Availability of inputs

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Definitions:

Federal Budget Deficits

The difference between what a government spends and what it collects in taxes over a fiscal year, with deficits indicating more spending than revenue.

Money Supply

The full measure of monetary assets within an economy, involving cash, coins, and balances in checking and savings accounts, at a specified moment.

Expansion

The process of a business or economy growing and increasing its production and activities.

Records

Documents, files, or electronic data that provide evidence of activities, transactions, or decisions, or can refer to vinyl discs used for playing music.