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Which One of the Following Statements Is Correct

question 111

Multiple Choice

Which one of the following statements is correct?


Definitions:

Agricultural Products

Agricultural products are commodities produced through farming and agriculture, such as crops, livestock, and other raw goods.

Shortages

A market situation in which the demand for a product exceeds its supply at a particular price.

Farm Price-Support Programs

Government initiatives designed to stabilize or increase prices of agricultural products by buying excess supply, providing subsidies, or setting minimum prices.

Consumers

People or organizations who buy products and services for their own consumption.

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