WAEC Economics 2025 Objective — Question 13
Question 13 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.
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Which of the following factors is not a determinant of price elasticity of supply?
- A. Availability of labour
- B. Cost of production
- C. Consumers' income levelCorrect
- D. Government policy
Explanation
Consumers' income level affects demand elasticity, not supply elasticity, which depends on production-side factors.
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