A Determinant of the Price Elasticity of Supply That Is

question 48

Multiple Choice

A determinant of the price elasticity of supply that is also a determinant of the price elasticity of demand is:

• A)availability of inputs.
• B)flexibility of the production process.
• C)adjustment time.
• D)availability of outputs.

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Definitions:

Unconscious Forces

Internal drives, desires, or impulses that influence thoughts, feelings, and behavior without an individual's conscious awareness.

Neuroticism

Attributes of a personality defined by experiences of anxiety, dread, a temperamental disposition, concern, jealousy, aggravation, and feelings of being alone.

Negative Emotions

Feelings that are generally not enjoyable for the person feeling them, such as sadness, anger, fear, and jealousy.

Brain Areas

Specific regions of the brain associated with different functions such as language, emotion, and motor control.