Price elasticity of supply can be influenced by the follo...
Price elasticity of supply can be influenced by the following factors except?
Time period
Cost of production
Size of consumer income
Nature of the product
Correct answer is D
It refers to how the amount supplied of a good or service changes in response to a price of factor change.
Factors that Influence the PES. There are numerous factors that impact the price elasticity of supply including the number of producers, spare capacity, ease of switching, ease of storage, length of production period, time period of training, factor mobility, and how costs react.
To facilitate the exportation of crude oil from Nigeria, special ...
Which of the following is the major function of the wholesaler? ...
The primary objective of establishing the Export Process Zone is to ...
The channel for food distribution in Nigeria consist of ...
A rise in income will, ceteris paribus, bring about ...
An example of government's recurrent expenditure is ...
Which of the following functions do retailers perform in an economy? ...
An increase in the circulation of money without a corresponding increase in output will lead to ...