What is the main determinant of the price elasticity of supply? Explain
Please provide the best answer for the statement.
The ease of shifting resources to alternative uses is the main one. Time is often a critical factor affecting the ease of substitution. The longer the time, the easier it is for producers to shift resources into production and increase the quantity supplied. The more time the firm has to adjust to a change in price, the greater the elasticity of supply.
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Which school of economic thought is most closely associated with calls for monetary rules to guide monetary policy decisions?
a) The Monetarist school b) The Classical school c) The Keynesian school d) The Austrian school
"Plowback" is a preferred source of financing a corporation because
a. it is fairly easy, compared to issuing stocks. b. it is not subject to double taxation. c. selling bonds involves the high cost of money. d. stock markets are subject to random walks.