Multiple Choice
Eliminating price supports for all U.S. agricultural producers will hurt the farmers who cultivate products that have:
A) a high own price elasticity of demand and a high price elasticity of market supply.
B) a high own price elasticity of demand and a low price elasticity of market supply.
C) a low own price elasticity of demand and a high price elasticity of market supply.
D) a low own price elasticity of demand and a low price elasticity of market supply.
Correct Answer:
Verified
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