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:

Elastic supply means producers can quickly adjust output in response to price changes. A local restaurant using local - sourced produce can more easily change its quantity supplied in the short - run compared to large corporations. Automobile manufacturers, international shipping companies, and national grocery store chains have higher fixed costs and more complex production processes, making short - run supply adjustments difficult.

Answer:

a local restaurant who uses produce and ingredients from local farms