Characteristics that have contributed to existing farm policy include the
A)elasticity of the demand for agricultural products.
B)inelasticity of the demand for agricultural products.
C)elasticity of the supply of agricultural products.
D)inelasticity of the supply for agricultural products.

Question

Quizplus · Accepted Answer

Existing farm policy has been influenced by the inelasticity of the demand for agricultural products, as this has made it difficult for farmers to increase profits through market price adjustments alone.

Characteristics That Have Contributed to Existing Farm Policy Include the