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infospace: process book-1-chapter-11

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Extract entities, map to VSM, and synthesize analysis.
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Bernd Worsch
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-11 -->
# Agricultural Price Elasticity
## Definition
The responsiveness of agricultural supply and demand to changes in prices, measured as the percentage change in quantity supplied or demanded divided by the percentage change in price. Agricultural price elasticity affects how markets respond to price changes.
## Source Chapter
Book I, Chapter 11
## Context
Smith examines how agricultural supply and demand respond to price changes over different time periods, noting that supply is typically less elastic in the short run due to the biological constraints of agricultural production.
## Economic Domain
Exchange
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