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प्रश्न
Give reason or explain the following statement:
The supply of agriculture commodity is relatively inelastic.
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उत्तर
Production of agricultural commodities depends on natural factors such as rainfall, climatic conditions etc. Due to unforeseen changes in weather, the agricultural productions is low, then their supply cannot be increased even at a higher price. As a result, the supply of agricultural commodities is relatively inelastic.
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