Economics 9708 · AS & A Level · Price elasticity of supply

Price elasticity of supply — practice question

A bottle-making firm said that it had adopted a new production system. Because of this, the amount made each week could be increased or decreased much more easily whenever bottle prices changed. What term is used to describe this change?

  • Aa less elastic demand
  • Ba less elastic supply
  • Ca more elastic demand
  • Da more elastic supply

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