In the immediate market period for a highly perishable crop like tomatoes, the individual farmer's supply curve tends to be
A)perfectly inelastic.
B)perfectly elastic.
C)quite flat.
D)downward-sloping.

Question

Quizplus · Accepted Answer

In the immediate market period for a highly perishable crop like tomatoes, the individual farmer's supply is fixed because the crop cannot be stored for long periods without spoiling. Therefore, the supply curve is perfectly inelastic, indicating that the quantity supplied does not change regardless of the price.

In the Immediate Market Period for a Highly Perishable Crop