Question on: SS1 Economics - Elasticity of Supply
What factors influence the elasticity of supply?
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A
The level of demand, the availability of raw materials, and the price of the good.
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B
The level of technology, the availability of raw materials, and the time frame being considered.
C
The level of competition, the price of substitutes, and the level of income of consumers.
D
The level of advertising, the level of government regulation, and the price of complementary goods.
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Correct Option: B
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