Which of the Following Statements Best Describes the Demand for Agricultural

question 84

Multiple Choice

Which of the following statements best describes the demand for agricultural commodities?

• A) It takes a small decline in price to induce a large increase in the amount of agricultural products demanded.
• B) The marginal utility of additional units of agricultural output diminishes very rapidly.
• C) Small increases in income cause demand to increase by a proportionately larger amount.
• D) When price declines, the resulting substitution effect is very large.

---

Definitions:

Drive for Perfection

A motivating force that compels individuals to strive for flawlessness and set excessively high performance standards.

Personality Type

Distinct patterns of thought, feeling, and behavior that characterize an individual’s adjustments to the world; often categorized into specific types or categories.

Detached

Emotional or physical disengagement or separation from others, often as a defense mechanism or coping strategy.

Need for Privacy

The individual desire or requirement for personal space and confidentiality.