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Price elasticity of supply (PES): Range of values Determinants Time Availability of producer substitutes Costs

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Price elasticity of supply (PES):

Range of values
Determinants

Time
Availability of producer substitutes
Costs

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Elasticity of supply will increase when:
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