Which Factor Is Important in Determining the Price Elasticity of Supply

question 116

Multiple Choice

Which factor is important in determining the price elasticity of supply?

• A) the time the producer has to adjust inputs and outputs
• B) the number of close substitutes
• C) the intensity of the need of consumers
• D) the number of alternative uses of the good

---

Definitions:

Employment Opportunities

Prospects or openings available in the job market for individuals to find work or advance their careers.

At-Will Employment

An employment arrangement where either the employer or the employee can end the employment at any time, for any reason that is not illegal, with or without notice.

United States

A country comprised of 50 states, a federal district, five major self-governing territories, and various possessions, known for its large economy and influential culture.

Until

Refers to a point in time up to which an action or condition is valid or in effect.