Question

which of the following producers is most likely to face a relatively elastic supply curve in the short run? (1 point)
an automobile manufacturer corporation
an international shipping company
a national chain of grocery stores
a local restaurant who uses produce and ingredients from local farms

Explanation:

Supply is elastic when producers can easily adjust production levels in response to price changes. A local restaurant using local - sourced produce can quickly change its output in the short - run as it has more flexibility in procuring ingredients and adjusting its menu and operations compared to large corporations like automobile manufacturers, international shipping companies, or national grocery store chains which have high fixed costs and complex production processes.

Answer:

a local restaurant who uses produce and ingredients from local farms