The price elasticity of supply is higher when A. the product in question is an inferior good.

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The price elasticity of supply is higher when

A. the product in question is an inferior good.

B. the number of buyers in the market increases.

C. the number of buyers in the market decreases.

D. producers have more time to adjust to price change

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Posted Date: Dec 29, 2023 05:15 AM

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The price elasticity of supply is higher when A. the product in question is an inferior good.

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The detailed answer for the above question is provided below The correct answer is D producers have ... View the full answer

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