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The net benefit ratio (NBR) can be interpreted as the:
a. Percentage change in quantity demanded of food resulting from a 1% change in the price of crop’s price.
b. Percentage change in quantity demanded of food resulting from a 1% change in the income of households.
c. Percentage change in welfare demanded of food resulting from a 1% change in the price of crop’s price substitutes.
d. Percentage change in welfare resulting from a 1% change in the crop’s price.

Respuesta :

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Answer:

d. Percentage change in welfare resulting from a 1% change in the crop’s price.

Explanation:

(Net benefit ratio is the ratio of benefits to costs. So, it can be interpreted as percentage change in welfare resulting from 1% change in crop's price)

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