A Key Determinant of the Price Elasticity of Supply Is

question 136

Multiple Choice

A key determinant of the price elasticity of supply is the

• A)time horizon.
• B)income of consumers.
• C)price elasticity of demand.
• D)importance of the good in a consumer's budget.

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Definitions:

Scapegoat

is a person or group blamed for problems or failures, often to divert attention from the real causes or those actually responsible.

Dominant Group

A social or hierarchical group holding predominant power, influence, or numbers within a society.

Cultural Genocide

Cultural genocide is the deliberate destruction of the cultural heritage of a people or nation for the purpose of eliminating their way of life, beliefs, and identity.

Expulsion

The act of being forced out or removed from a place or situation, often as a form of punishment or as a consequence of policy or law.