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Author Question: The price elasticity of demand for food: a. Is always negative. b. Is generally price inelastic. ... (Read 37 times)

madam-professor

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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


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chinwesucks

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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

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Reply #2 on: Jul 22, 2018
Thank you!


chinwesucks

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Reply #3 on: Jul 22, 2018
Always glad to help...


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