1.Which of the following would most likely be considered a trend in consumer food expenditures over the...
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Question:
1.Which of the following wouldmost likelybe considered a trend in consumer food expenditures over the past thirty years or so?
a.The farm share of the food dollar has been decreasing.
b.The share of food expenditures for meals consumed away-from-home has decreasing.
c.There is a decreasing trend in real (inflation adjusted) retail food prices.
d.Increasing incomes are leading to an increasing share of income being spent on food.
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