Is the demand for agricultural products elastic or inelastic? Why? The demand for agricultural products isa. elastic because such products have few close substitutesb. inelastic because they are perishable productsc. inelastic because such products are luxuriesd. inelastic because the markets for such products are defined very narrowlye. inelastic because such products represent a small share in the consumer's budget
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Home » Business » Is the demand for agricultural products elastic or inelastic? Why? The demand for agricultural products isa. elastic because such products have few close substitutesb. inelastic because they are perishable productsc.