The Elasticity of Supply for Some Product Will Tend to Be

question 114

Multiple Choice

The elasticity of supply for some product will tend to be larger

• A)the higher is the elasticity of demand for the product.
• B)the lower is the elasticity of demand for the product.
• C)the harder it is for firms to shift from the production of this product to another.
• D)the easier it is for firms to shift from the production of this product to another.
• E)the less time firms have to adjust to price changes.

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