A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2016 · Q101 Mark
What would increase the price elasticity of supply of a firm's products?
Adecrease in the period of time that stocks can be kept
Bdecrease in the time that it takes to produce the products
Can increase in the cost of capital goods employed by the firm
Dan increase in the level of employment in the area
✓ Correct answer
B: decrease in the time that it takes to produce the products
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