This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The price elasticity of demand for food: a. Is always negative. b. Is generally price inelastic. ... (Read 46 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jul 22, 2018
The price elasticity of demand for food:
 
  a. Is always negative.
  b. Is generally price inelastic.
  c. May be either negative or positive.
  d. a and b above.
  e. b and c above.

Question 2

It is difficult for any country to compete in a free market if other major competitors subsidize their farmers.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 22, 2018
Answer to Question 1

d

Answer to Question 2

FALSE , it is not a free market then.


madam-professor

  • Hero Member
  • *****
  • Posts: 584
Reply #2 on: Jul 22, 2018
Thank you!


chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jul 22, 2018
Always glad to help...


« previous next »
 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Crystallized negative stain salts Crystallized negative stain salts
Negative Feedback Insulin Glucagon Negative Feedback Insulin Glucagon
Nonverbal communications convey strong, powerful messages that may be negative or positive. Nonverbal communications convey strong, powerful messages that may be negative or positive.
Downward Spiral of Poverty and Hunger Lack of food can lead to numerous other symptoms Downward Spiral of Poverty and Hunger Lack of food can lead to numerous other symptoms
Should Parents Make Their Own Baby Food? Should Parents Make Their Own Baby Food?
Red, fleshy fruits of hawthorn plants (Crataegus) are an important food for cedar waxwings (Bombycil Red, fleshy fruits of hawthorn plants (Crataegus) are an important food for cedar waxwings (Bombycil
Video: Kidney Stones

For a complete list of videos, visit our video library