From the readings, it becomes evident that when considering supply and demand in regards to agricultural products, small changes in agricultural supply can result in significant changes in prices Therefore what relationship, if any, do you see between the fact that when farmers' fixed costs of production are large, the supply of most agricultural products is generally inelastic

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Question: From the readings, it becomes evident that when considering supply and demand in regards to agricultural products, small changes in agricultural supply can result in

From the readings, it becomes evident that when considering supply and demand in regards to agricultural products, small changes in agricultural supply can result in significant changes in prices.

Therefore what relationship, if any, do you see between the fact that when farmers' fixed costs of production are large, the supply of most agricultural products is generally inelastic?

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