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

Price elasticity of supply — practice question

What would cause the price elasticity of supply of a firm’s products to be greater?

  • Aa decrease in the period of time that stocks can be kept
  • Ba decrease in the time that it takes to produce the products
  • Can increase in the cost of capital goods employed by the firm
  • Dan increase in the level of employment in the area

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