In the Short Run,some Prices Are Inflexible

question 97

Multiple Choice

In the short run,some prices are inflexible.Most often,the prices that are inflexible are

• A) output prices.
• B) energy prices.
• C) food prices.
• D) product prices.
• E) wages for workers.

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Definitions:

Twentieth Century

The era spanning from January 1, 1901, to December 31, 2000, marked by significant technological, social, and political changes.

Agricultural Technologies

Innovations and technologies developed to improve efficiency, productivity, and sustainability in agriculture.

Productivity Per Acre

The measure of output (such as crops) produced per acre of land.

Farmland

Land used for farming purposes to grow crops and rear animals, constituting a primary resource for agricultural activities and food production.