This Figure Shows a Typical Label for Fertilizer

question 57

Multiple Choice

This figure shows a typical label for fertilizer. What fertilizer is contained in this bag?

• A)An all-purpose fertilizer with 5% nitrogen, 5% phosphorus, and 5% potassium.
• B)An organic fertilizer with 5% compost, 5% yard waste, and 5% kitchen scraps.
• C)An inorganic fertilizer that will make a plant grow 5% taller, 5% wider, and produce 5% more fruit.

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Definitions:

Price Elastic

Describes a situation where the demand for a product changes significantly in response to a change in the product's price.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various price levels, at a given point in time.

Price Elastic

A term referring to the responsiveness of the demand or supply of a good or service to changes in its price.

Harvest

The process or period of gathering in crops.