The demand for most farm products is relatively inelastic.A drought that reduces the supply of farm products will also cause farm revenues to fall.

Name: The demand for most farm products is relatively inelastic.A drought that reduces the supply of farm products will also cause farm revenues to fall.
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A drought that reduces the supply of farm products will typically cause prices to rise due to the inelastic demand, potentially increasing farm revenues despite the reduced quantity sold.

The Demand for Most Farm Products Is Relatively Inelastic