Question:
What other Factors can Influence the PES?
Author: eric_galvaoAnswer:
-When Unemployment is around, Supply becomes more Elastic as it becomes Easier to Attract Workers -Perishable Goods [Plants & Flowers] have Inelastic Supply as they can’t be Stored for Long -High Stock Levels Firms have Price Elastic as Easier to Expand Supply -Industries with more Mobile Factors of Production can Expand Production easier. Not held back by Time as much
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