Farmers can easily grow raspberries or strawberries in the same soil using the same inputs and achieve the same output per acre in pounds.
All else equal, what is the value of the relative price elasticity of supply of raspberries over two days or two years?
Choose 1 answer:
(A) relatively inelastic in two days; relatively inelastic in two years
(B) relatively more elastic in two days than in 2 years
(c) relatively inelastic in two days; relatively elastic in two years
(D) relatively elastic in two days; relatively inelastic in two years
(E) relatively more inelastic in two years than in two days
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