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As prices rise, producers will increase production of a product because
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Asked 4/15/2013 3:38:17 PM
Updated 11/25/2017 12:22:45 PM
2 Answers/Comments
Flagged by emdjay23 [11/25/2017 12:22:45 PM]
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User: As prices rise, producers will increase production of a product because

User: In the long term, the elasticity of supply is affected most by(Points : 2) time. resources. labor. capital.

Question
Asked 4/15/2013 3:38:17 PM
Updated 11/25/2017 12:22:45 PM
2 Answers/Comments
Flagged by emdjay23 [11/25/2017 12:22:45 PM]
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As prices rise, producers will increase production of a product because they want to obtain higher profits.
Added 11/25/2017 12:22:37 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [11/25/2017 11:13:17 PM]
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In the long term, the elasticity of supply is affected most by time.
Added 11/25/2017 12:22:44 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [11/25/2017 11:13:52 PM]
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Questions asked by the same visitor
In the long term, the elasticity of supply is affected most by time, resources, labor, capital
Question
Updated 5/15/2018 5:20:15 PM
1 Answer/Comment
In the long term, the elasticity of supply is affected most by time.
Added 5/15/2018 12:21:55 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [5/15/2018 5:20:16 PM]
The law of supply states that
Question
Updated 11/7/2015 1:46:11 PM
1 Answer/Comment

Law of supply states that other factors remaining constant, price and quantity supplied of a good are directly related to each other.

Added 11/7/2015 1:46:11 PM
This answer has been confirmed as correct and helpful.
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