Which of the following is true of goods traded in the commodity market?

A. They're normal goods.

B. They're not fungible.

C. They're raw and unprocessed.

D. They have elastic demand.

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Morgan Hodges

24 May, 05:37

Which of the following is true of goods traded in the commodity market?

A. They're normal goods.

B. They're not fungible.

C. They're raw and unprocessed.

D. They have elastic demand.

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Answers (1)

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April Mathis · Answer 1

Letter A is the answer. Goods traded in the commodity market are normal goods.

Commodity markets i s a market which trades in primary goods rather than manufactured products. It also includes physical trading and derivatives trading using spot prices, forwards, futures, and options on futures.

Which of the following is true of goods traded in the commodity market?A. They're normal goods.B. They're not fungible.C. They're raw and unprocessed.D. They have elastic demand.

Which of the following is true of goods traded in the commodity market?

A. They're normal goods.

B. They're not fungible.

C. They're raw and unprocessed.

D. They have elastic demand.