Multiple choice

The supply of agricultural products is generally

  1. elastic

  2. inelastic

  3. perfectly elastic

  4. perfectly inelastic
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Agricultural supply is generally inelastic because production takes time due to biological cycles, seasonal patterns, and fixed factors like land. Farmers cannot quickly increase output in response to price changes. Once crops are planted, supply is largely fixed for that season.

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