What changes make supply of semiconductor more elastic


Question: Suppose that a semiconductor factory requires both machines and engineers to manufacture semi- conductor. Holding other factors equal, which of the following changes will make the supply of semiconductor more elastic with respect to its price? (A) Universities recruiting (and graduating) more students in engineering. (B) Government imposing more stringent requirements for licenses to build new plants. (C) An increase in the price of machines. (D) A decrease in the demand of laptops.

 

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