Answer
(d) Foreign demand has been unpredictable. Any change in demand will affect farm prices, but farmers cannot easily adjust production.
Work Step by Step
Conceptual Question. No Work Needed.
Economics: Principles, Problems, and Policies, 19th Edition
by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.
Published by
McGraw-Hill Education
ISBN 10:
0073511447
ISBN 13:
978-0-07351-144-3
Chapter 19 - Agriculture: Economics and Policy - Questions - Page 408: 3d
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