Economics 9708 · AS & A Level · Price elasticity of supply

Price elasticity of supply — practice question

Why might the market supply curve for an agricultural crop like wheat be inelastic?

  • Aa government decision to import crops at times of shortage
  • Ban efficient use of fertilisers causing crop production to rise
  • Cthe storage of excess production for future sale
  • Dthe very long time required to produce additional output

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