ECONOMICS
ELASTICITY OF DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A key determinant of the price elasticity of supply is
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the ability of sellers to change the price of the good they produce.
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the ability of sellers to change the amount of the good they produce.
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how responsive buyers are to changes in sellers’ prices.
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the slope of the demand curve.
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Explanation:
Detailed explanation-1: -A key determinant of the price elasticity of supply is the ability of sellers to change the price of the good they produce. the ability of sellers to change the amount of the good they produce. how responsive buyers are to changes in sellers’ prices. the slope of the demand curve.
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