Social Sciences, asked by rohithrohan2003, 4 months ago

Agricultural products have more inelastic supply compared to that of industrial products. Explain why?

Answers

Answered by nilakshichetia7856

Answer:

Agricultural goods are more inelastic in supply mainly because it is perishable. ... An increase in price will not bring about a distinctive change or rise in quantity supplied. Manufactured goods are elastic in supply because supply can be adjusted easily

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