Multiple Choice
Farm incomes tend to be unstable because of:
A) the inelastic demand for food.
B) changes in government farm-support programs.
C) the elastic demand for farm products.
D) the fluctuating demand for food.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q36: A firm in perfect competition is referred
Q37: Which of the following statements about Canadian
Q38: The market price for a perfectly competitive
Q39: The supply of agricultural output is inelastic
Q40: Fluctuations in agricultural prices, according to the
Q42: The cobweb theorem explains why the price
Q43: Which of the following is true for
Q44: A perfectly competitive firm finds itself in
Q45: A firm is currently maximizing profits by
Q46: Which of the following statements about Canadian