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alexandr1967 [171]
3 years ago
5

The most important determinant of price elasticity of supply is:

Business
1 answer:
Ymorist [56]3 years ago
5 0

Answer:

The most important determinant of the the time period firms have to adjust to the new price

Explanation:

The option 1 is not correct as it is not defining the price elasticity.

The option 2 is correct as the effect of time on the price elasticity of supply is most significant

The option 3 is not correct because price is the outcome of the price elasticity of supply.

The option 4 is not correct as it is not a determinant of the price elasticity of the supply.

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