Determine the factors which influence price elasticity of supply, illustrate your answer with reference to the market for a commodity or raw materials

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Determine the factors which influence price elasticity of supply, illustrate your answer with reference to the market for a commodity or raw materials. Include the following:

a) key terms

b) how these terms relate to the question

c) connect a real-world example

d) diagrams that will illustrate the concept you just defined

e) analyze and explain how the diagram applies to the original question

f) integrate your real-world example into your analysis

g) concluding statement