Which characteristic makes a commodity suitable for forming an export cartel?

Show Answers

It should be a finished industrial productIt must be a raw materialIt needs to exhibit low supply responsiveness to price changesIt ought to have a highly responsive demand to price variations

Explanation

For a commodity to be an effective candidate for an export cartel, it should have a low price elasticity of supply. This means producers cannot easily increase output in response to price changes, allowing the cartel to control supply and influence prices more effectively.