Question: 12 The satisfaction derived from each additional unit of an item declines as we consume more and more of that item. True False 2 points

12 The satisfaction derived from each additional unit of an item declines as we consume more and more of that item. True False 2 points QUESTION 13 Commodities with high cross elasticities are very close substitute commodities. True False 2 points QUESTION 14 Agricultural economics is a social science applied to agricultural problems. True False

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