Explain how each of the following contributes to the farm problem: a. The inelasticity of demand for

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Explain how each of the following contributes to the farm problem:
a. The inelasticity of demand for farm products.
b. The rapid technological progress in farming.
c. The modest long-run growth in demand for farm commodities.
d. The volatility of export demand.

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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