Farmers' income may fall if they produce more cash crops for export because?

ECONOMICS
JAMB 1992

Farmers' income may fall if they produce more cash crops for export because?

  • A. foreign demand is inelastic
  • B. the price of the crops will rise
  • C. of domestic currency depreciation
  • D. of export duties

Correct Answer: A. foreign demand is inelastic



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.