When a Technological Advance in Wheat Production Is Developed and Applied

Multiple Choice

When a technological advance in wheat production is developed and applied to wheat farming,which of the following consequences is most likely?

A) The price of wheat decreases by 6 percent and the quantity of wheat sold increases by 10 percent.
B) The price of wheat decreases by 10 percent and the quantity of wheat sold increases by 6 percent.
C) Wheat farmers' total revenue increases.
D) All of the above are equally likely.