Question

What do you mean by very short period market?

Answer 1

Answer:

Very Short Period Market: This is when the supply of the goods is fixed, and so it cannot be changed instantaneously. Say for example the market for flowers, vegetables. Fruits etc. The price of goods will depend on demand. Short Period Market: The market is slightly longer than the previous one.

Answer 2

In a short period market, the goods which are supplied to the market are fixed.

What are the characteristics of a very short period market?

• In this market, the sales are not increased or decreased
• It is the very period market in which the goods are supplied to the market is constant
• The supply of goods in this market depends upon the demands of the goods
• The goods that are supplied in the market is limited
• Examples of the very short period market- Vegetable markets and fruits market