The Demand for Agricultural Output Is Price Inelastic

Multiple Choice

The demand for agricultural output is price inelastic.This means that if farmers, taken collectively, have a bumper crop, they will experience:

A) lower prices, greater quantities sold, and lower incomes.
B) higher prices, greater quantities sold, and higher incomes.
C) lower prices, quantities sold, and incomes.
D) higher prices, quantities sold, and incomes.