Question

Scientists have created a new grass seed that stops grass growth at a specific length, eliminating the need to mow the lawn. The price of this seed is high, but many consumers still want to use it. As a result, several different producers supply a large amount of this seed to consumers. In order to attract consumers to their product, some producers lower their prices and supply fewer bags of seeds.

What is the best description of the grass seed that is described in this scenario?

a. a good with a low price
b. a good with a high price
c. a good with an inelastic supply
d. a good with an elastic supply

Answer 1

D. a good with an elastic supply is your answer hope this helps <3

Answer 2

The price of grass seed produced by scientists is high, but the fact that it grows to a certain length as well as the elimination of lawn mowing raises interest and demand. For high prices, quality grass seed is obtained, where suppliers are invigorating by increasing supply where demand is higher, as well as where it is necessary to attract customers by cutting prices and seed bags, and listening to the needs of the claimant, talking about customized supplies according to the needs of consumers.

The answer is: D.