Recall the Application about finding estimates of elasticities of demand to answer the following question(s).
-According to the Application,the U.S.Department of Agriculture has a Web site that provides estimates of demand elasticities for
A) hundreds of food products for dozens of countries.
B) millions of food products, but only for the United States.
C) thousands of food products for every country in the world.
D) all food products in all countries.

Question

Quizplus · Accepted Answer

The Application states that the U.S. Department of Agriculture provides estimates of demand elasticities for hundreds of food products for dozens of countries. This implies that the Web site provides information for multiple countries and multiple products, but not necessarily for all countries and all food products worldwide. Therefore, option A is the most appropriate choice.

Recall the Application About Finding Estimates of Elasticities of Demand