How is the elasticity of supply affected by the

way a product is produced?

Elasticity of supply is a measure of a producer's ability to cope effectively with changes in demand. A number of factors can affect it. Availability of resources is a factor ... An increase in the number of suppliers makes the price of a product or service more elastic.

Elasticity of supply is a measure of a producer's ability to cope effectively with changes in demand. A number of factors can affect it. Availability of resources is a factor ... An increase in the number of suppliers makes the price of a product or service more elastic