Choose a product\/service. Describe the elasticity of supply for your product\/service (2 marks). Identify one factor that influences the elasticity of supply for that product\/service (2 marks). Discuss the what happens to elasticity of supply if you vary that factor (3 marks).<\/p>
<\/p>
<\/p>
reference harvard style<\/p>", "transcribed_text": "", "related_book": { "title": "Advanced Financial Accounting", "isbn": "78025621, 978-0078025624", "edition": "10th edition", "authors": "Theodore E. Christensen, David M. Cottrell, Richard E. Baker", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/297.jpg", "uri": "\/textbooks\/advanced-financial-accounting-10th-edition-297", "see_more_uri": "" }, "free_related_book": { "isbn": "B00C6OQ1W4", "uri": "\/textbooks\/communicating-effectively-by-arredondo-lani-1st-edition-b00c6oq1w4-234652", "name": "Communicating Effectively By Arredondo Lani", "edition": "1st Edition" }, "question_posted": "2024-06-14 20:48:23", "see_more_questions_link": "\/study-help\/questions\/business-business-communication-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/if-charlene-the-worker-in-problem-1013-has-a-performance", "description": "If Charlene, the worker in Problem 10.13, has a performance rating of 90%, what is the normal time for the operation? Is she faster or slower than normal? In Problem 10.13, If Charlene Brewster has...", "stars": 3 }, { "url": "\/study-help\/psychology-2e\/according-to-popper-what-is-the-key-distinguishing-feature-between-1985053", "description": "According to Popper, what is the key distinguishing feature between legitimate science and pseudoscience?", "stars": 3 }, { "url": "\/study-help\/psychology\/explain-what-it-means-to-describe-multiculturalism-as-the-fourth-1983151", "description": "Explain what it means to describe multiculturalism as the fourth force in clinical psychology.", "stars": 3 }, { "url": "\/the-balance-sheet-accounts-of-detroit-machinery-inc-had-the", "description": "The balance sheet accounts of Detroit Machinery, Inc., had the following balances on October 31, 20X0: Following is a summary of the transactions that occurred during November: a. Collections of...", "stars": 3 }, { "url": "\/study-help\/questions\/which-of-the-following-is-a-disadvantage-of-a-matrix-9807077", "description": "Which of the following is a disadvantage of a matrix structure? A matrix structure stresses that top managers must engage in both lower-level problem as well as more strategic issues. Matrix...", "stars": 3 }, { "url": "\/study-help\/questions\/the-following-transactions-relate-to-the-general-fund-of-the-7631844", "description": "The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020: 1. Beginning balances were: Cash, $95,000; Taxes Receivable, $192,500:...", "stars": 3 }, { "url": "\/study-help\/questions\/a-daily-magazine-stand-contractor-has-newspaper-stands-along-various-1004194", "description": "A daily magazine stand contractor has newspaper stands along various stations on a train route. The demand for magazines is normally distributed and comes from three different forecasting models....", "stars": 3 }, { "url": "\/study-help\/questions\/a-photo-frame-production-line-operates-10-hours-per-day-1003967", "description": "A photo frame production line operates 10 hours per day, 5 days per week and can produce 230 televisions per hour. In a typical day, employees have two 30-minute coffee breaks and one 1-hour lunch...", "stars": 3 }, { "url": "\/study-help\/questions\/fast-delivery-services-delivers-packages-in-the-city-area-and-998952", "description": "FAST DELIVERY SERVICES delivers packages in the city area and hires drivers to make deliveries. Variable costs has been budgeted and an average standard time has been established to make a delivery....", "stars": 3 }, { "url": "\/study-help\/questions\/calculate-a-90-confidence-level-what-is-the-tconfidence-level-1003639", "description": "Calculate a 90% confidence level. What is the T-Confidence level? Column1 Mean 29347.5 Standard Error 5974.512153 Median 25325 Mode #N\/A Standard Deviati 18893.06631 Sample Variance 356947954.7...", "stars": 3 }, { "url": "\/study-help\/questions\/accounting-breakeven-unit-price-unit-variable-cost-18980-103-1001672", "description": "Accounting break-even Unit price Unit variable cost 18,980 $103 ? Fixed costs Depreciation $425,860 $372,118 What is the Unit Variable Cost? Note: Do not put the $ sign and only use two decimal...", "stars": 3 }, { "url": "\/study-help\/questions\/in-week-3-of-this-course-you-interviewed-your-practicum-4565759", "description": "In Week 3 of this course, you interviewed your practicum mentor to gain professional insights on key personal and professional leadership topics. In Week 7, you were given an additional opportunity...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/here-is-the-screen-shot-of-my-question-i-couldnt-3037243", "next": "\/study-help\/questions\/f-3037245" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Choose a product\/service. Describe the elasticity of supply for your product\/service (2", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/choose-a-productservice-describe-the-elasticity-of-supply-for-your-3037244" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }}