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The Inelastic Demand for Agricultural Products Means That

Question 142

Multiple Choice

The inelastic demand for agricultural products means that


A) large changes in agricultural production result in no change in farm prices and incomes.
B) small changes in agricultural production result in no change in farm prices and incomes.
C) large changes in agricultural production result in relatively smaller changes in farm prices and incomes.
D) small changes in agricultural production result in relatively larger changes in farm prices and incomes.

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