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

Price elasticity of supply — practice question

A product has a high price elasticity of supply. What could account for this?

  • AThe product has a high opportunity cost.
  • BThe product has a non-perishable nature.
  • CThe product is classed as an inferior good.
  • DThe product is considered to be a luxury.

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