Because the demand for wheat tends to be inelastic, the development of a new, more productive hybrid wheat would tend to:
A) increase the total revenue of wheat farmers
B) decrease the total revenue of wheat farmers
C) weaken the demand for wheat
D) weaken the supply of wheat

Question

Quizplus · Accepted Answer

The Answer of Because the demand for wheat tends to be inelastic, the development of a new, more productive hybrid wheat would tend to:
A) increase the total revenue of wheat farmers
B) decrease the total revenue of wheat farmers
C) weaken the demand for wheat
D) weaken the supply of wheat

Because the Demand for Wheat Tends to Be Inelastic, the Development