A Key Factor Underlying the Instability of Primary Product Prices

question 3

Multiple Choice

A key factor underlying the instability of primary product prices and export receipts of developing nations is the

• A) Low price elasticity of the demand of primary products
• B) High price elasticity of supply of primary products
• C) High price elasticity of demand of primary products
• D) None of the above

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Definitions:

Hydrogen Sulfide

A colorless, poisonous gas with the characteristic foul odor of rotten eggs, often produced by the decomposition of organic matter.

Tube Worms

Marine invertebrates living in tube-like structures, part of the phylum Annelida or sometimes other groups.

Mean Annual Temperature

The average temperature of a specific location over the course of a year, taking into account all seasonal variations.

Precipitation Ranges

The variability in the amount of precipitation (rain, snow, hail, etc.) an area receives over a period of time.