How is the elasticity of supply affected by the

way a product is produced?

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Damaris Beltran

7 January, 23:06

How is the elasticity of supply affected by the

way a product is produced?

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Ariella Daniel · Answer 1

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

Armani Walls · Answer 2

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.

How is the elasticity of supply affected by theway a product is produced?

How is the elasticity of supply affected by the

way a product is produced?