Increased productivity in the agricultural sector is not always a benefit to farmers because it is accompanied by
A) lower prices and if demand is inelastic,lower prices mean lower revenues.
B) higher prices and if demand is elastic,higher prices mean lower revenues.
C) lower prices and if demand is elastic,lower prices mean lower revenues.
D) higher prices and if demand is inelastic,higher prices mean lower revenues.
Correct Answer:
Verified
Q6: If the demand for a particular farm
Q7: With a price elasticity of demand of
Q8: If we assume that the income elasticity
Q9: Which of the following best describes the
Q10: During the twentieth century,the U.S.farm sector experienced
A)large
Q12: Studies show that,in the United States,
A)price elasticity
Q13: In 2000,farmers in the United States represented
Q14: Suppose the price elasticity of demand of
Q15: Suppose farmers get together and decide to
Q16: Increased productivity in the agricultural sector during
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