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timofeeve [1]
3 years ago
12

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

History
2 answers:
Anuta_ua [19.1K]3 years ago
7 0

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
7 0
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
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