3 years ago

How is the elasticity of supply affected by the way a product is produced?

2 answers:

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Answer:

Elasticity of supply is a measure of a producer's ability to cope effectively with changes in demand. A number of factors can affect it. Availability of resources is a factor. ... An increase in the number of suppliers makes the price of a product or service more elastic.

Explanation:

torisob [31]3 years ago

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