Agricultural commodities are known to have a price- inelastic demand and to be necessities.

Agricultural commodities are known to have a price- inelastic demand and to be necessities..

Agricultural commodities are known to have a price- inelastic demand and to be necessities. How can this information allow us to explain why the income of farmers falls ( a) after a good harvest? ( b) In relation to the incomes in other sectors of the economy?

Agricultural commodities are known to have a price- inelastic demand and to be necessities.

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