The main determinant of the elasticity of supply is the:
A) number of close substitutes for the product available to consumers.
B) amount of time the producer has to adjust inputs in response to a price change.
C) urgency of consumer wants for the product.
D) number of uses for the product.

Question

The main determinant of the elasticity of supply is the:
A) number of close substitutes for the product available to consumers.
B) amount of time the producer has to adjust inputs in response to a price change.
C) urgency of consumer wants for the product.
D) number of uses for the product.

The main determinant of the elasticity of supply is the:

A) number of close substitutes for the product available to consumers.

B) amount of time the producer has to adjust inputs in response to a price change.

C) urgency of consumer wants for the product.

D) number of uses for the product.

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The main determinant of the elasticity of supply is the: A) number of close substitutes for the product available to consumers. B) amount of time the producer has to adjust inputs in response to a price change. C) urgency of consumer wants for the product. D) number of uses for the product.