Asked by Danielle O'Brien on Jun 17, 2024
Verified
When increases in the supply of an agricultural product are much greater than the increases in demand for it over time, then the price
A) and quantity of agricultural products will increase.
B) and quantity of agricultural products will decrease.
C) of agricultural products will increase, but the quantity will decrease.
D) of agricultural products will decrease, but the quantity will increase.
Agricultural Product
Goods derived from farming and the cultivation of the land, including crops, livestock, and other raw materials.
- Analyze factors affecting the price and quantity of agricultural products.
Verified Answer
JS
James SlaightJun 19, 2024
Final Answer :
D
Explanation :
When the supply of an agricultural product increases significantly more than the demand for it, the price tends to decrease due to the surplus, but the quantity available in the market increases.
Learning Objectives
- Analyze factors affecting the price and quantity of agricultural products.
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