Case study: India Shedding Tears over Onion Prices

1. Why can we expect the market supply of onions to be more elastic in the medium run (time horizon of a few months)? In you answer, address both market and regulatory responses.
2. Why can we expect the market demand for onions to be more elastic in the medium run (time horizon of a few months)? [Hint: do not base your answer on seasonality.]