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Author Question: Export demand: a. Is more price elastic than domestic demand. b. Shifters involve more than ... (Read 73 times)

penguins

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on: Jul 22, 2018
Export demand:
 
  a. Is more price elastic than domestic demand.
  b. Shifters involve more than population, income, and tastes and preferences.
  c. Is very sensitive to government efforts to support farm prices.
  d. Is a major factor influencing the level of farm prices.
  e. All of the above.

Question 2

Farm prices and incomes are highly unstable because:
 
  a. Consumers are very responsive to food price changes.
  b. Producers are very responsive to market price changes.
  c. Supply and demand for farm products are highly inelastic
  d. Supply and demand for farm products are highly elastic.
  e. The market for farm products is controlled by the futures market, which fosters price instability.


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aruss1303

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Reply #1 on: Jul 22, 2018
Answer to Question 1

e

Answer to Question 2

c


penguins

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Reply 2 on: Jul 22, 2018
YES! Correct, THANKS for helping me on my review

mohan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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