Economics · May / June 2019 · Paper 12 · Question 30
2281Price changes
A large amount of the agricultural products in a country were damaged by floods. What is likely to have happened to the price of agricultural products and the volume of imports of agricultural products?
- Aprice of products: fall; volume of imports: fall
- Bprice of products: fall; volume of imports: rise
- Cprice of products: rise; volume of imports: fall
- Dprice of products: rise; volume of imports: rise
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Correct answer: D. price of products: rise; volume of imports: rise
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