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?

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asked Mar 23, 2023 108k views

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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.