The Main Determinant of Elasticity of Supply Is the

question 375

Multiple Choice

The main determinant of elasticity of supply is the

• A)number of close substitutes for the product available to consumers.
• B)amount of time the producer has to adjust inputs in response to a price change.
• C)urgency of consumer wants for the product.
• D)number of uses for the product.

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Definitions:

Republican Motherhood

The idea that women's role was to cultivate civic virtue in their children, thereby contributing to the health of the republic, emphasized in the United States during the late 18th century.

Political Policies

Plans, actions, or strategies that are implemented by a government, political party, or leader to achieve specific outcomes or goals.

New Republic

Refers to a period or state entity formed after breaking away from a previous form of government, often associated with revolutions or major political changes.

Constitutional Convention

The meeting held in 1787 in Philadelphia where the Constitution of the United States was drafted.