This topic contains a solution. Click here to go to the answer

Author Question: Export demand: a. Is more price elastic than domestic demand. b. Shifters involve more than ... (Read 64 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aruss1303

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

e

Answer to Question 2

c




penguins

  • Member
  • Posts: 903
Reply 2 on: Jul 22, 2018
Thanks for the timely response, appreciate it


steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

For a complete list of videos, visit our video library