Multiple Choice
The market demand and supply curves for basic agricultural products
A) are both very sensitive to changes in the price of food.
B) are both very insensitive to changes in the price of food.
C) differ, with the demand curve very sensitive to, and the supply curve very insensitive to, changes in the price of food.
D) are both vertical and shift constantly in response to price changes for food.
E) are both perfectly elastic, resulting in stable food prices over time.
Correct Answer:
Verified
Correct Answer:
Verified
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