The demand for most agricultural products tends to be

a. Both price and income elastic

b. Both price and income inelastic

c. Price inelastic and income elastic

d. Price elastic and income inelastic

e. Unit elastic in terms of price elasticity and income elastic

The demand for most agricultural products tends to be

b. Both price and income inelastic

Explanation:

Evaluation of demand conduct of financial operators empowers us to appreciate how customers are probably going to react to the supply of farming products. The theory of buyer conduct will assist us in understanding the idea of interest.

The request includes two factors - cost and amount. For instance, the investment for maize is characterized as the various measure of maize that you would will and ready to purchase inside a sensible scope of costs.

Essential contemplations in the evaluation of demand for agricultural products are versatilities of interest and factors influencing requests. There are different versatilities of interest with the ordinarily viewed as ones being cost and pay flexibilities of interest.