The demand for primary commodities is usually _____ .
A) elastic
B) inelastic
C) unit elastic
D) perfectly inelastic
E) not influenced by prices.
Correct Answer:
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Q15: Which of the following would not usually
Q16: An exchange rate shock would have much
Q17: Primary commodities account for approximately _ percent
Q18: Exports and imports account for _ and
Q19: A large drop in the price of
Q21: Which of the following would not be
Q22: The situation where exports of a commodity
Q23: If commodity prices are _, then the
Q24: Which of the following is a method
Q25: With exchange controls, the government becomes _
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