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A one-minute video explanation of supply and demand. In the world of economics, supply and demand is perhaps the #1 term you The factors that influence the elasticity of supply are A. resource substitution possibilities and the time frame for the supply decision. One factor that determines the degree of price elasticity of supply is the amount of spare capacity that a business has.
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This video describes factors that influence how elastic, or inelastic, demand for a good or service is. These include whether the The Factors Influencing Price Elasticity of Demand (PED) In this video, we dive into the factors that influence Price Elasticity of One of the main factors that affect changes in supply elasticity is price. If supply is elastic, so is price. A greater supply of a product or service reduces
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