wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Do perishable goods have a higher elasticity of supply?


Open in App
Solution

The supply of perishable goods cannot be increased or decreased as per will. Therefore, the supply of perishable goods is inelastic in nature.


flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Product Mix-Concept of Labelling
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon