a
time period
b
cost of production
c
size of consumer income
d
nature of the product
Explanation
Correct Option
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KendraOkoye
4 months ago
The correct answer is C. size of consumer income.
Why "Size of Consumer Income" is the Exception
Price Elasticity of Supply (PES) measures how responsive the quantity supplied of a good is to a change in its price. It is a producer-side concept.
Consumer income, on the other hand, is a demand-side factor. While a change in income might shift the entire demand curve, it does not determine how easily or quickly a manufacturer can increase production when prices rise.
