4. Which of the following businesses has elastic supply?

A. Newspaper publishing
B. Electricity production
C. Hair cutting
D. Apple farming



Answer :

Final answer:

Businesses with elastic supply can adjust their production levels significantly in response to price changes. Apple farming is an example of a business with elastic supply.


Explanation:

Elastic supply refers to a situation where a small change in price leads to a proportionately larger change in quantity supplied. In the given options, apple farming is likely to have elastic supply because it can adapt its production levels more easily in response to price changes compared to the other businesses listed.


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