Response lags
A)Reduce short-term price instability.
B)Increase short-term price instability.
C)Slow the long-term downward trend in farm prices.

Name: Response lags A)Reduce short-term price instability. B)Increase short-term price instability. C)Slow the long-term downward trend in farm prices.
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Question

Quizplus · Accepted Answer

Response lags can increase short-term price instability because they delay the adjustment of supply to changes in demand, leading to periods of surplus or shortage.

Response Lags