Question 45
MediumOriginal questionSupply of a perishable good such as fresh fish on a given day tends to be
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
The day's catch is fixed and cannot be stored, so the quantity offered hardly responds to price.
- Concept
- Perishability and elasticity of supply
- Typical timeTypical
- 70 s
- Your timeYours
- —
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