Examlex
Data collected to date indicate that
Income Inelastic
Describes a good or service whose demand does not significantly change with a change in consumers’ income.
Agricultural Products
Items derived from farming activities, including both food products like fruits, vegetables, and grains, as well as non-food items like cotton and wool.
Farm Productivity
The measure of output (crop or livestock) produced per unit of input (such as land, labor, or capital) on a farm.
U.S. Farm Products
Agricultural goods produced in the United States, which include a wide range of food and raw materials.
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