Is the supply of Tomatoes elastic or inelastic?

Question

What does the diagram look like?

if it is inelastic is it perfectly inelastic of only a bit

Answer 1

Depends on the time frame. If we are talking within 1 year or so, it's inelastic. The supply of tomatoes is what it is.

But over time if tomatoes become more in demand, the price will naturally rise. The higher prices will encourage farmers to plant more tomatoes, thus raising supply.

Answer 2

Tomatoes are a comodity and no matter how much the price rises there will always be a market in which they are bought and sold. The question you are asking depends upon the intensity of the inverse relationship between supply and demand. How much will an increase in price decrease demand. Tomatoes are not perfectly inelastic however, they definitly operate on an inelastic demand curve.

Answer 3

Elasticity of supply depends on several factors, including time frame. Harvest/supply may depend on weather conditions.
So i would think tomatoes, being freshly produced goods, would be relatively inelastic since supply cannot be easily increased.
The supply curve would, therefore, be a relatively steep upward sloping curve.

Answer 4

It depends, do you have any supporting documentation and is it in a purely competitive market? It really depends on the supply, demand and market prices, so without more information, you can not really answer the question.