Political uprisings in the Middle East, particularly in places like Egypt, Libya, Yemen, and Bahrain, have been
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Question:
Political uprisings in the Middle East, particularly in places like Egypt, Libya, Yemen, and Bahrain, have been linked to high food prices that have limited access (and therefore consumption) for the general population. What change in the local food markets would best explain the food problem facing the Middle East?
a. | Reduced supply of food. | |
b. | Increased demand for food. | |
c. | Government set price ceilings for food. | |
d. | Increased price elasticity of demand for food. |
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