Determinants of the Price Elasticity of Supply Are

question 39

Multiple Choice

Determinants of the price elasticity of supply are:

• A) adjustment time, whether the good is a luxury or a necessity.
• B) availability of inputs, adjustment time.
• C) flexibility of the production process, whether the good is a luxury or a necessity.
• D) availability of inputs, whether the good is a luxury or a necessity.

---

Definitions:

Less Educated

Refers to individuals who have received minimal formal education or training compared to others within a society or specific context.

Anti-Gay Attitudes

Negative biases or prejudices towards individuals who are homosexual or perceived to be homosexual.

Less Educated

Refers to individuals who have received minimal formal education or lower levels of schooling compared to others.

Highly Educated

Describes individuals who have attained a high level of formal education, often beyond a basic college or university degree.