If a local food supply is highly ____, cash distributions raise local food prices only a...
If a local food supply is highly ____, cash distributions raise local food prices only a little while encouraging significant ____ in local food production
A. Elastic; decreases
B. Elastic; increases
C. inelastic; decreases
D. inelastic; increases
Homework Answers
If local food prices are highly elastic which means that supply
is on the flatter side. When demand rises due to cash
distributions, it would cause price to rise by a little while
significant increase in local food production. Thus option B is
correct.
Add Answer to:
If a local food supply is highly ____, cash distributions raise
local food prices only a...
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