The price elasticity of supply is higher when

A. producers have less time to adjust to price changes.

B. the number of producers in the market increases over time.

C. the number of buyers in the market increases.

D. the product in question is a complementary good.

The price elasticity of supply is higher when B. the number of producers in the market increases over time

Explanation:

The price elasticity is high means if the prices increase by 5%, the supply would increase by 15% i.e. elasticity are 3.

It is an example of an elastic supply indicating the production of goods is flexible; This can happen with the increase in the number of producers thereby increasing the production capacity