Question

Which of these is an example of a good with elastic supply?

A)
sandwiches



B)
plums


C)
large handmade
rugs


D)
jet planes

Answer 1

sandwiches

Step-by-step explanation:

supplier has plenty of spare capacity to increase output

high stocks levels are available to meet raising demand

short production time frame to get products to market

easy of factor substitution is high

Answer 2

Jet planes.

Step-by-step explanation:

Elastic supply is a measure of the relationship between the quantities of a good supplied and change in prices. As it is expected that a change in change in price will affect the quantity of goods demanded and supplied , elastic of demand measure this relationship.

However , elastic supply occurs when the percentage change in quantity supplied is greater than the percentage change in price.

Airplane can easily be substituted with options like train , vehicles and even boat ,therefore change in price could trigger a greater effect on the supply