Computers and Software Programs Are

question 49

Multiple Choice

Computers and software programs are

• A)inferior goods
• B)complementary goods
• C)goods with a cross-price elasticity of demand of 0
• D)substitute goods
• E)perfectly elastic goods

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Definitions:

Farm Incomes

The earnings from agricultural activities, considered the totality of revenues minus costs for those engaged in farming.

Farm Prices

refer to the prices of agricultural products at the farm level, influenced by factors such as supply, demand, and agricultural policies.

Farm Income

The earnings obtained from agricultural activities and operations, including crop sales, livestock sales, and government subsidies.