The elasticity of supply of perishable goods is?
ECONOMICS
JAMB 2002
The elasticity of supply of perishable goods is?
- A. unitary
- B. inelastic
- C. zero
- D. elastic
Correct Answer: B. inelastic
Explanation
In case of perishable goods such as vegetables, fruits, and other eatables, the supply would be inelastic. This is because the supply of perishable goods cannot be increased or decreased easily.
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