Asked by M
which of the following producers is most likely to face a relatively elastic supply curve in the short run?
-a national chain of grocery stores
-an international shipping company
-a local restaurant who uses produce and ingredients from local farms
-an automobile manufacturer corporation
-a national chain of grocery stores
-an international shipping company
-a local restaurant who uses produce and ingredients from local farms
-an automobile manufacturer corporation
Answers
Answered by
GPT 3.5
A local restaurant that uses produce and ingredients from local farms is most likely to face a relatively elastic supply curve in the short run.