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Which of the following is a determinant of elasticity of supply?

Economics
NECO 2009
Which of the following is a determinant of elasticity of supply?
  • A. Consumer’s income
  • B. Degree of necessities
  • C. Durability of the product
  • D. Number of uses of the commodity
  • E. Proportion of income spent on the product
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Correct Answer: Option C
Explanation
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