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What else can I help you with?
Is rice production consider as Inelastic demand or elastic demand?
Production itself cannot have inelastic demand, only supply. I will look at both cases. The demand for rice as a good is very inelastic. This is because people will buy rice no matter the price, because in many places of the world, it is their main source of food. Recently rice as skyrocketed in price (resulting in riots in places), but people still buy it. This is mainly out of necessity, but alternatives are emerging. The elasticity of supply is also inelastic, as we are looking at a huge rise in prices, but a very small change in production.
What will happen in the rice market now if buyers expect higher rice prices in the near future?
the demand for rice will increase
What are the examples of overfull demand?
current demand of mobile phone set can be an example of Full demand.
Which country is number 1 in rice production?
Philippines
Example of overfull demand?
food, rice, wheat
Is rice production consider as Inelastic demand or elastic demand?
Production itself cannot have inelastic demand, only supply. I will look at both cases. The demand for rice as a good is very inelastic. This is because people will buy rice no matter the price, because in many places of the world, it is their main source of food. Recently rice as skyrocketed in price (resulting in riots in places), but people still buy it. This is mainly out of necessity, but alternatives are emerging. The elasticity of supply is also inelastic, as we are looking at a huge rise in prices, but a very small change in production.
What is rice said as rice manufacturing or rice production?
Rice production
Review of literature by production of rice?
The review literature on the production of rice should contain information on the rice production. The trends and patterns of rice production is one area that should be explored.
Which state is first in rice production?
Arkansas is the first in rice production.
What is the food in Philippine?
Rice is an important staple in the Philippines with a single person eating three cups of rice with every meal. Rice farmers can't keep up to the demand of white rice and to preserve it Filipinos are being urged to eat more brown rice for a healthy alternative.
What is the rice production of Pakistan?
1.42 tons of rice
What will be the effect of the importation of rice on local palay production?
The production of rice here in our country will decrease because of importing rice from other country.
What is fungible?
Production of rice.
What is the food system in Philippines?
Rice is an important staple in the Philippines with a single person eating three cups of rice with every meal. Rice farmers can't keep up to the demand of white rice and to preserve it Filipinos are being urged to eat more brown rice for a healthy alternative.
Which delta is know for production and export of rice?
Mekong Delta in Vietnam is known for production and export of rice. Rice was a important staple in the diets of the people of Vietnam.
Which country leads in the production of rice?
China is the leading producer of rice.
How is rice production measured in the U.S.?
Rice production is measured by the hundredweight (cwt). One cwt equals 100 pounds.
