Question

Elastic supply occurs when a small change in price brings about a large change in the quantity supplied. Which of the following is not a main factor that can lead to a good or service having elastic supply?

The product can be manufactured at a higher cost.

The product can be manufactured quickly.

The product can be manufactured using few resources.

The product can be manufactured using easily obtained resources.

Answer 1

The product can be manufactured at a higher cost.

Step-by-step explanation: