What is the main determinant of the price elasticity of supply? Explain
Please provide the best answer for the statement.
The ease of shifting resources to alternative uses is the main one. Time is often a critical factor affecting the ease of substitution. The longer the time, the easier it is for producers to shift resources into production and increase the quantity supplied. The more time the firm has to adjust to a change in price, the greater the elasticity of supply.
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In the figure above, the Lorenz curve that shows the richest 20 of households percent receiving 60 percent of all income is
A) curve A. B) curve B. C) curve C. D) curve D.
When an investor buys a corporate bond, the face value of the bond is
A) a dividend payment on the bond. B) a loan to the corporation. C) a measure of ownership in the corporation. D) the coupon rate of the bond.
Moving decisions downward into functional areas economizes on information and is efficient because a functional department is by definition expert at a subset of the firm's activities
Indicate whether the statement is true or false
If the total deposits of the banking system are $400 billion, how much money could these reserves support if the required reserve ratio is 0.20 and banks hold no excess reserves?
A. $2,000 billion B. $400 billion C. $1,200 billion D. $1,600 billion