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What are the factors affecting elasticity of supply? |
Answer» <html><body><p></p>Solution :The factors <a href="https://interviewquestions.tuteehub.com/tag/affecting-1969559" style="font-weight:bold;" target="_blank" title="Click to know more about AFFECTING">AFFECTING</a> elasticity of <a href="https://interviewquestions.tuteehub.com/tag/supply-1235254" style="font-weight:bold;" target="_blank" title="Click to know more about SUPPLY">SUPPLY</a> are <a href="https://interviewquestions.tuteehub.com/tag/ltbr-2804405" style="font-weight:bold;" target="_blank" title="Click to know more about LTBR">LTBR</a>. (i) Nature of the commodity. <br/> (<a href="https://interviewquestions.tuteehub.com/tag/ii-1036832" style="font-weight:bold;" target="_blank" title="Click to know more about II">II</a>) Cost of production. ltbr. (iii) <a href="https://interviewquestions.tuteehub.com/tag/time-19467" style="font-weight:bold;" target="_blank" title="Click to know more about TIME">TIME</a> period. <br/> (iv) Techniques of production. <br/> (v) Nature of the inputs used. <br/> (vi) Natural constrains.</body></html> | |