Suppose Statistics Canada Reports That Total Income Earned by Canadian

Multiple Choice

Suppose Statistics canada reports that total income earned by Canadian barley farmers has declined as a result of a partial crop failure that has driven up the Canadian price of barley. We can conclude that the price elasticity of demand for barley in Canada is

A) less than zero.
B) exactly zero.
C) less than one.
D) exactly one.
E) greater than one.