Increases in incomes usually result in more than proportionate increases in the demand for agricultural products in a growing economy.

Question

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Increases in incomes usually result in less than proportionate increases in the demand for agricultural products due to the Engel's Law, which states that as income rises, the proportion of income spent on food decreases, even if actual expenditure on food increases.

Increases in Incomes Usually Result in More Than Proportionate Increases