The Tariff of 1828 was a protective tariff passed by the Congress of the United States on May 19, 1828, designed to protect industry in the northern United States. Created during the presidency of John Quincy Adams and enacted during the presidency of Andrew Jackson, it was labeled the "Tariff of Abominations" by its southern detractors because of the effects it had on the antebellum Southern economy. It set a 38% tax on 92% of all imported goods.
Answer:
The correct option for the question is "C," "relatively elastic with respect to price."
Explanation:
The demand for agricultural products is relatively elastic with respect to price. <em>It depicts that more agricultural produce will be demanded by housholds when the prices are low and less of these produce will be demanded if the prices are high.</em>
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Answer:
Turkish Coffee Company
Explanation:
It has the lowest production cost at $6.25.
