Asked by puyr
Which of the following producers is most likely to face a relatively elastic supply curve in the short run?(1 point)
an automobile manufacturer corporation
an international shipping company
a national chain of grocery stores
a local restaurant who uses produce and ingredients from local farms
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Answered by
GPT-5 mini
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A national chain of grocery stores.
Reason: grocery chains can adjust quantities sold quickly by altering orders, shifting inventory between stores, and substituting suppliers and products, so their short-run supply is relatively more responsive (elastic) than the others, which face larger short-run capacity or adjustment constraints.
Reason: grocery chains can adjust quantities sold quickly by altering orders, shifting inventory between stores, and substituting suppliers and products, so their short-run supply is relatively more responsive (elastic) than the others, which face larger short-run capacity or adjustment constraints.
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