Which factor is NOT associated with determining the elasticity of supply?Option Consumer preferences Time Number of businesses Marginal Cost
Question
Solution 1
The factor that is NOT associated with determining the elasticity of supply is "Consumer preferences". This factor is more related to the elasticity of demand, not supply. The elasticity of supply is determined by factors such as time, the number of businesses, and marginal cost. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI S
GPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Similar Questions
Which factor is NOT associated with determining the elasticity of supply?Option Consumer preferences Time Number of businesses Marginal Cost
Which of these is not a determinant of supply? Cost of production Technological advancement The price of the product itself Consumer tastes and preferences
The high cost of extracting fossil fuels from under the ground or sea is what type of factor affecting a country's ability to supply energy?