If wheat can be produced at a constant opportunity cost, then the supply of wheat is inelastic. The opportunity cost of a certain activity in microeconomic theory is the value or gain given up by engaging in that activity in comparison to engaging in an alternative activity.
The ideal activity is the one that, net of opportunity costs, delivers the highest return when compared to all other activity. For example, if you buy a car and use it solely for personal transportation, you cannot rent it out, and if you rent it out, you cannot use it for personal transportation.
To learn more about opportunity costs, click here.
https://brainly.com/question/13036997
#SPJ4