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The elasticity of supply of perishable goods is?

Economics
JAMB 2002

The elasticity of supply of perishable goods is?

  • A. unitary
  • B. inelastic
  • C. zero
  • D. elastic
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Correct Answer: Option B
Explanation

In case of perishable goods such as vegetables, fruits, and other eatables, the supply would be inelastic. This is because the supply of perishable goods cannot be increased or decreased easily. 

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