If the Demand for Agricultural Products Is Price Inelastic and the Supply

Multiple Choice

If the demand for agricultural products is price inelastic and the supply is dependent upon weather conditions,then

A) price changes are likely to be small,and farm revenues are likely to be highly volatile.
B) price changes are likely to be large,and farm revenues are likely to be highly volatile.
C) prices are likely to be constant,and farm revenues are likely to be constant.
D) prices are likely to be constant,and farm revenues are likely to be highly volatile.
E) price changes are likely to be small,and farm revenues are likely to be constant.