Multiple Choice
Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to
A) increase total revenue to farmers as a whole because the demand for food is elastic.
B) increase total revenue to farmers as a whole because the demand for food is inelastic.
C) reduce total revenue to farmers as a whole because the demand for food is elastic.
D) reduce total revenue to farmers as a whole because the demand for food is inelastic.
Correct Answer:

Verified
Correct Answer:
Verified
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