Question on: JAMB Economics - 2002

The elasticity of supply for perishable goods is inelastic. This is because: * **Perishable goods spoil quickly.** Producers of these goods cannot store them for long periods. * **Limited Storage:** Since storage is limited, producers cannot significantly adjust the quantity supplied in response to price changes. * **Inelastic Supply:** This means that the quantity supplied does not change much, even if the price changes significantly.