which of the following producers is most likely to face a relatively elastic supply curve in the short run?
-a national chain of grocery stores
-an international shipping company
-a local restaurant who uses produce and ingredients from local farms
-an automobile manufacturer corporation
A local restaurant that uses produce and ingredients from local farms is most likely to face a relatively elastic supply curve in the short run.
Among the given options, the local restaurant that uses produce and ingredients from local farms is most likely to face a relatively elastic supply curve in the short run.
In the short run, the restaurant can easily adjust its supply by changing the quantity of ingredients it purchases from local farms. If the price of these ingredients increases or decreases, the restaurant can choose to purchase more or less, respectively, from the local farms. Thus, the supply curve for the restaurant's output is relatively flexible or elastic.