Multiple Choice
Over time, technological change has
A) reduced both the price elasticity and income elasticity of the demand for farm products.
B) reduced the minimum efficient scale of production in agriculture and increased the prices of farm products.
C) increased both price elasticity and income elasticity of the demand for farm products.
D) increased the minimum efficient scale of production in agriculture and reduced the prices of farm products.
Correct Answer:
Verified
Correct Answer:
Verified
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