Economics (AS & A Level) · Feb / March 2025 · Paper 12 · Question 6
9708Price elasticity of supply
What will influence the value of the price elasticity of supply of a good?
- Athe level of producer surplus
- Bthe time period under consideration
- Cthe total income spent on the good
- Dwhether the good is a necessity
As printed in the paper
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Correct answer: B. the time period under consideration
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