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  3. Study Set
    International Economics Study Set 1
  4. Exam
    Exam 7: Trade Policies for the Developing Nations
  5. Question
    A Key Factor Underlying the Instability of Primary Product Prices
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A Key Factor Underlying the Instability of Primary Product Prices

Question 3

Question 3

Multiple Choice

A key factor underlying the instability of primary product prices and export receipts of developing nations is the


A) Low price elasticity of the demand of primary products
B) High price elasticity of supply of primary products
C) High price elasticity of demand of primary products
D) None of the above

Correct Answer:

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