Economy, asked by simran1507, 1 year ago

analyse why the supply of Agricultural Products tend to be more inelastic than the supply of manufactured products.

Answers

Answered by saaho33

Answer:

Elasticity of supply is influenced by levels of stocks, excess capacity, ease of entry to the industry, mobility of factors, the length of the production process and the time period involved. Agricultural goods are more inelastic in supply mainly because it is perishable.

Answered by vinod88420

Answer:

It is influenced by level of stock

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