DETERMINANTS OF ELASTICITY OF SUPPLY by keypoint Supply may be elastic or inelastic for the following reasons: Time factor – i.e. weather changes. Cost of attracting factors of production. Availability of inputs Products durability. Others are Viewing: ELASTICITY OF SUPPLY TYPES OF ELASTICITY OF SUPPLY ELASTICITY OF DEMAND DETERMINANTS OF EFFICIENCY OF LABOUR WAGES AND ITS DETERMINANTS DETERMINANTS OF CONSUMPTION THE THEORY OF DEMAND AND SUPPLY