English

Draw the supply curve of a perishable commodity. Explain this shape of the supply curve. - Economics

Advertisements
Advertisements

Question

Draw the supply curve of a perishable commodity. Explain this shape of the supply curve.

Diagram
Explain
Advertisements

Solution

The supply curve for a perishable good, such as vegetables, is shown as a vertical line along the Y-axis, like the curve SA. These goods must be sold at any price once produced and brought to market, as they cannot be stored. As a result, the quantity supplied stays constant at OA, regardless of whether the price is OPO or OP1.

shaalaa.com
  Is there an error in this question or solution?
Chapter 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [Page 458]

APPEARS IN

Frank Economics [English] Class 12 ISC
Chapter 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 61. | Page 458
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×