An Important Determinant of the Price Elasticity of Supply Is

question 529

Multiple Choice

An important determinant of the price elasticity of supply is

• A) whether the good is a durable or a nondurable.
• B) the time period firms have to adjust to a new price.
• C) how well consumers like the commodity.
• D) the proportion of the consumer's total budget spent on the good.

---

Definitions:

Skeletal System

The organ system that provides support, stability, shape, and movement to the body, composed of bones and other connective tissues.

Gene

A basic unit of heredity made up of DNA, responsible for the physical and inheritable characteristics or phenotype of an organism.

Dna Segment

A specific section of the DNA molecule that contains genetic information.

Crani/o

A prefix in medical terminology that refers to the skull.