What affects supply elasticity the most?

CA Foundation · Business Economics · MTP · January 2026
What affects supply elasticity the most?
(A) A. Consumer demand
(B) B. Ease of increasing production
(C) C. Brand value
(D) D. Import tariffs

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Ease of increasing production

Topics: Theory of Demand and Supply

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