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.

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Definitions:

Mitosis

A type of cell division in which a cell divides into two daughter cells with the same number and kind of chromosomes as the parent nucleus, typical of ordinary tissue growth.

Prophase II

A stage of meiosis where chromosomes condense, nuclear envelopes break down, and spindle apparatus forms in each of the two daughter cells from meiosis I.

Chromatin

A complex of DNA and proteins that forms chromosomes within the nucleus of eukaryotic cells, structures that condense to facilitate mitosis and meiosis.

Chiasmata

The points of crossing over and genetic exchange between homologous chromosomes during meiosis.