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DETERMINANTS OF ELASTICITY OF SUPPLY — Economics Keypoint

DETERMINANTS OF ELASTICITY OF SUPPLY

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Supply may be elastic or inelastic for the following reasons:

  1. Time factor – i.e. weather changes.
  2. Cost of attracting factors of production.
  3. Availability of inputs 
  4. Products durability.
Others are Viewing:
  1. ELASTICITY OF SUPPLY
  2. TYPES OF ELASTICITY OF SUPPLY
  3. ELASTICITY OF DEMAND
  4. DETERMINANTS OF EFFICIENCY OF LABOUR
  5. WAGES AND ITS DETERMINANTS
  6. DETERMINANTS OF CONSUMPTION
  7. THE THEORY OF DEMAND AND SUPPLY

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