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Which of the following producers is most likely to face a relatively elastic supply curve in the short run?(1 point)
Responses
an international shipping company
an international shipping company
a national chain of grocery stores
a national chain of grocery stores
a local restaurant who uses produce and ingredients from local farms
a local restaurant who uses produce and ingredients from local farms
an automobile manufacturer corporation
an automobile manufacturer corporation
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GPT-5 mini
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A national chain of grocery stores.
Reason: Grocery chains can adjust quantities supplied quickly by drawing on inventories, ordering from multiple suppliers, and reallocating stock between stores. The other firms (automaker, shipping company, local restaurant) face larger short-run capacity constraints and thus have more inelastic short-run supply.
Reason: Grocery chains can adjust quantities supplied quickly by drawing on inventories, ordering from multiple suppliers, and reallocating stock between stores. The other firms (automaker, shipping company, local restaurant) face larger short-run capacity constraints and thus have more inelastic short-run supply.
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