kennieharris726
09.03.2020 •
Business
A key determinant of the price elasticity of supply is the a. extent to which buyers alter their quantities demanded in response to changes in prices. b. number of close substitutes for the good in question. c. extent to which buyers alter their quantities demanded in response to changes in their incomes. d. length of the time period.
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Ответ:
d. length of the time period.
Explanation:
The price elasticity of the supply measures the percentage change in the quantity supplied with the percentage change in price
In arithmetically,
The price elasticity of the supply = (percentage change in the quantity supplied ÷ percentage change in price)
It indicates a direct relationship between the quantity supplied and the price.
Moreover, the key determinant of the price elasticity of supply is time period
Ответ:
The government allows citizens to own private businesses.
Explanation:
The government controls factories and other forms of production. He allows citizens to own private businesses.