Which of These Is a Determinant of Price Elasticity of Supply

question 9

Multiple Choice

Which of these is a determinant of price elasticity of supply?

• A) substitutability
• B) the amount of income spent on the good
• C) the time it takes to change plant capacity, and the number of firms in the industry
• D) resource costs associated with the good

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Definitions:

Ileum

The third and final section of the small intestine, where further digestion and absorption of nutrients occurs, leading to the large intestine.

Small Intestine

A part of the gastrointestinal tract between the stomach and large intestine, where most of the digestion and absorption of nutrients occurs.

Esophagus

A muscular tube that transports food from the throat to the stomach, playing a key role in the digestive system.

Gallbladder

A small organ that stores bile produced by the liver, releasing it into the small intestine to aid in the digestion of fats.