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Why is the supply of eggs inelastic?

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Question

Why is the supply of eggs inelastic?

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Solution

Because eggs cannot be stored. They have to be sold out whatever is the price.

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Elasticity of Supply
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Chapter 3: Theory of Supply - QUESTION BANK [Page 82]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 3 Theory of Supply
QUESTION BANK | Q 31. | Page 82
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 4 Theory of Supply
QUESTION BANK | Q 30. | Page 120

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