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Technological Improvements in Agriculture That Shift the Supply of Agricultural

Question 57

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.

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