RihaamSumry RihaamSumry

18-05-2021
Law

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Analyse why price elasticity of supply can differ between products

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yusufadebola1 yusufadebola1

18-05-2021

Answer:

The price elasticity of supply is determined by: Number of producers: ease of entry into the market. Spare capacity: it is easy to increase production if there is a shift in demand. Ease of switching: if production of goods can be varied, supply is more elastic.

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