Economics (AS & A Level) · Oct / Nov 2022 · Paper 13 · Question 9
9708Price elasticity of supply
What causes an inelastic market supply curve for an agricultural crop such as wheat?
- Aa government decision to import crops at times of shortage
- Ban efficient use of fertilisers causing crop production to rise
- Cthe storage of excess production for future sale
- Dthe very long time required to produce additional output
As printed in the paper
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Correct answer: D. the very long time required to produce additional output
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