Question

Give a reason for the shape of the supply curve of a perishable commodity​

Answer 1

Market price is the price of a good which prevails at any given time. Therefore, the whole of the given stock of a perishable good has to be supplied in the market whatever the price of the good. As a result, the market-period supply curve of a perishable commodity is perfectly inelastic, or a vertical straight line.

Answer 2

Answer:

Market price is the price of a good which prevails at any given time. ... Therefore, the whole of the given stock of a perishable good has to be supplied in the market whatever the price of the good. As a result, the market-period supply curve of a perishable commodity is perfectly inelastic, or a vertical straight line.

Explanation:

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