Economics 2281 · O Level · Price elasticity of supply (PES)

Price elasticity of supply (PES) — practice question

Which good is likely to have the greatest price elasticity of supply?

  • Athe good is not easily stored; time taken to produce the good is one day
  • Bthe good is not easily stored; time taken to produce the good is one year
  • Cthe good is easily stored; time taken to produce the good is one day
  • Dthe good is easily stored; time taken to produce the good is one year

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