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1)Demand for agricultural products can be described as: a) demand that increases proportionally with income

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1)Demand for agricultural products can be described as:

a) demand that increases proportionally with income.

b) low for domestic buyers.

c) inelastic.

d) elastic.

2)

Which of the following goods would likely have the most inelastic demand curve?

1. insulin for a diabetic

2. elective cosmetic surgery

3. taxicab transportation for a family vacationing in Baltimore.

4. an iPhone