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All of the following factors contribute to the instability of agricultural prices except which ONE?

All of the following factors contribute to the instability of agricultural prices except which ONE?

A.

Agricultural products have low price elasticities of supply

B.

Output is affected by non-controllable factors such as climate

C.

Supply decisions are based on the prices of the present time period

D.

Markets have a low price elasticity of demand

CIMA BA1 Summary

  • Vendor: CIMA
  • Product: BA1
  • Update on: Jul 28, 2025
  • Questions: 468
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