List Factors That Increase the Price Elasticity of Supply

question 182

Essay

List factors that increase the price elasticity of supply.

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Definitions:

Market Demand

The total amount of a product or service that all consumers in a market are willing and able to buy at various prices.

Point q

Point q may refer to a specific position or location in a diagram or graph, often used in the context of mathematical or economic models.

Point p

Point p could refer to a specific point on a graph or model in economics, representing a particular state or value in the given context.

Price Elasticity

A measure that shows the responsiveness of the quantity demanded of a good to a change in its price.