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Barley is a grass that must be planted each year to produce a crop. The growing season is short, about three to four months. Several
Barley is a grass that must be planted each year to produce a crop. The growing season is short, about three to four months.
Several factors influence farmers' decisions to plant barley each year, including price, weather, and disease.
a Based on this information,
barley has a more inelastic supply in the short run because barley is more dependent on price in the short run.
almonds have a more inelastic supply in the short run because little can be done to change production in the short run.
the crops have the same price elasticity of supply because they are both agricultural commodities.
it is impossible to infer anything about the price elasticity of supply for these two crops.
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