The income elasticity of demand for agricultural products is typically

a. less than zero.
b. greater than zero, but less than one.
c. greater than one.
d. infinity.

b. greater than zero, but less than one.

Economics

You might also like to view...

Disagreement between the partners during operation can result in:

a. Dissolution or reorganization of the business. b. sale of the business to a third party. c. one partner buying the other's assets. d. the admission of a new partner.

Economics

Those who view education as a sorting mechanism emphasize that employers value

a. the skills that people who attend college have already acquired before they enter college. b. the docility and deference to authority learned in the classroom. c. the analytic ability of the highly educated worker. d. the work habits picked up in the home and school.

Economics