Suppose you have an endowment of rice which you do not wish to consume today entirely. You may regard this stock of surplus rice as an asset which you may wish to consume, or even sell off, for acquiring other commodities at some future date. Is this possible? Give reason.

Yes, Rice is a non-perishable item No, Rice cannot be stored beyond a certain period No, Rice is a perishable item Both 2 and 3

Both 2 and 3

No, the above situation is not possible because rice is a perishable item and cannot be stored beyond a certain period.