Multiple Choice
Which of the following statements represents a correct sequence of events?
A) Productivity rises in the agriculture sector,the supply curve of foodstuffs shifts to the left,price rises,and total revenue rises assuming demand is inelastic.
B) Productivity rises in the agriculture sector,the supply curve of foodstuffs shifts to the right,price rises,and total revenue rises assuming demand is inelastic.
C) Productivity rises in the agriculture sector,the supply curve of foodstuffs shifts to the right,price falls,and total revenue falls assuming demand is elastic.
D) Productivity rises in the agriculture sector,the supply curve of foodstuffs shifts to the left,price falls,and total revenue rises assuming demand is elastic.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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