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7 January, 23:06

How is the elasticity of supply affected by the

way a product is produced?

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Answers (2)
  1. 8 January, 02:33
    0
    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
  2. 8 January, 02:35
    0
    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.
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