Refer to the diagram. If output changes from a poor crop, Qₚ , to a bumper crop, Qᵦ ,
A) farm incomes will decrease.
B) farm incomes will increase.
C) price and quantity will both increase.
D) farm incomes may either rise or fall.
Correct Answer:
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Q49: The price of a certain farm product
Q50: The demand for most agricultural products is
A)elastic
Q51: What percentage of their spending do U.S.
Q52: In the United States, "farm products" are
Q53: If the demand for an agricultural product
Q55: Which of the following statements best describes
Q56: The demand for agricultural products rises less
Q57: Which of the following best describes the
Q58: Which of the following would, other things
Q59: 
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