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9 July, 09:35

Which is true regarding elasticity of supply?

A) products price doesn't play a role in its elasticity

B) a factor in supply elasticity is production difficulty

C) an inelastic product will never become elastic

I will put you as brainliest

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Answers (1)
  1. 9 July, 09:36
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    A factor in supply elasticity is production difficulty

    Explanation:

    The quantitative relation between price of products and its commodity is established by the elasticity of supply. The longer the time period that an organization is allowed to adjust its production targets, the more the supply price becomes elastic. Availability of resources is one of the factor, because the resource will become increasing expensive which consequently increase the price of the products and its production.
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