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Author Question: Producers and consumers of agricultural commodities are very responsive to prices in the short run. ... (Read 100 times)

Kikoku

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on: Jul 22, 2018
Producers and consumers of agricultural commodities are very responsive to prices in the short run.
 
  Indicate whether the statement is true or false

Question 2

The supply of farm products is generally more stable that the demand.
 
  Indicate whether the statement is true or false


laurnthompson

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

FALSE

Answer to Question 2

FALSE , demand is generally more stable than supply. The source of instability in export demand lies largely on the supply side.


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