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Increased Productivity in the Agricultural Sector in Conjunction with an Inelastic

Question 115

Multiple Choice

Increased productivity in the agricultural sector in conjunction with an inelastic demand curve for agricultural goods has caused a(n) __________ in output,a(n) __________ in price,and __________ revenues for farmers.


A) increase;decrease;higher
B) increase;decrease;lower
C) decrease;increase;higher
D) decrease;increase;lower
E) increase;increase;higher

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