Question 20
MediumOriginal questionA farmer with no storage sells his crop right after harvest at a low price. This is called
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
Without storage or credit, the farmer cannot wait for prices to recover and must sell at once, cheaply.
- Concept
- Distress sale
- Typical timeTypical
- 70 s
- Your timeYours
- —
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