What is the cheapest way to eat while in college. A.stock up on noodles B.Eat at fast food restaurants. C.Dine at local restaura
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The information which can be deduced from this graph on green tea are:
B. Green tea is inelastic in terms of supply.
E. The supply of green tea does not change sharply with the price.
<h3>What is supply?</h3>Supply can be defined as the total quantity of goods or services that are demanded by consumers at a given period of time.
<h3>The types of supply.</h3>In Economics, there are two main types of supply and these include:
- Elastic supply
- Inelastic supply
Inelastic supply is a situation that occurs when the quantity of goods or services that the producers are willing to produce, doesn't change as the price of goods or services increases.
Read more on supply here: brainly.com/question/11898489
