Multiple Choice
If the demand for farm products is inelastic,a good harvest will cause farm revenues to:
A) increase
B) decrease
C) be unchanged
D) either increase or decrease, depending upon what happens to supply
E) disappear
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: If the quantity supplied of tomatoes rises
Q9: If for a particular market a drop
Q10: The price and quantity demanded of
Q11: An upward-sloping long-run supply curve suggests that:<br>A)when
Q12: The quantity demanded of a product rises
Q14: Average annual consumer incomes rise from $50
Q15: Which of the following generalizations is not
Q16: If for a particular market a rise
Q17: The price and quantity demanded of
Q18: If the University Chamber Music Society decides