Unformatted text preview: 0.7x(-0.5)+0.3x(-1.6)=-0.35-0.48=-0.83. (1pt) 3. Which of the loan rate is correct? Choose all that apply. (a,c) (a) corn: $1.95/bushel (b) cotton: $0.65/pound (c) wheat: $2.94/bushel (d) rice: $10.50/cwt (0.5pt) 4. Name the legislative act that represented a transition to a market-driven agriculture. 1996 Federal Agricultural Improvement and Reform Act (FAIR EQ #13 AGEC 105 (3pts) November 10, 2010...
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- Spring '09
- Supply And Demand, own-price elasticity