How has globalization affected the pricing of agricultural products in India?

Prices have become more stable and predictable

Prices are now determined by market demand more than local costs

Prices have decreased dramatically for all crops

Prices are unaffected by global market trends

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Answer and Solution

Answer

B. Prices are now determined by market demand more than local costs

Solution:

Globalization has led to pricing being more influenced by international market demand rather than local costs, affecting farmers' revenue significantly. Other options are incorrect as they don't reflect market realities.

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