Solved

The Price of a Certain Farm Product Was $2

Question 49

Multiple Choice

The price of a certain farm product was $2.00 in the base period when the parity ratio was 100. If the index of prices paid by farmers is now at 130, then the parity price of this farm product today should be


A) 1.40.
B) 2.60.
C) 2.30.
D) 1.70.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q44: Farm share of U.S. GDP has
A)declined from

Q45: Refer to the</p></div><svg width=

Q46: Refer to the</p></div><svg width=

Q47: Refer to the</p></div><svg width=

Q48: Refer to the</p></div><svg width=

Q50: The demand for most agricultural products is
A)elastic

Q51: What percentage of their spending do U.S.

Q52: In the United States, "farm products" are

Q53: If the demand for an agricultural product

Q54: Refer to the</p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents