The Price Elasticity of Supply Is a Measure of How

question 43

Multiple Choice

The price elasticity of supply is a measure of how

• A)long it takes for producers to change technology.
• B)sensitive producers are to a change in technology.
• C)long it takes for producers to change their prices.
• D)sensitive producers are to a change in input prices.
• E)sensitive producers are to a change in output price.

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