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:

Dioxin Emission

Refers to the release of dioxins, which are highly toxic environmental pollutants, into the environment.

Self-Interested

Behavior driven by personal benefit, where individuals act in their own best interest to achieve their personal goals.

Corrective Tax

A levy intended to motivate individuals to consider the communal costs resulting from adverse external effects.

Tradable Pollution Permits

A market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants.