Q
Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?
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A
A. Increase total revenue to farmers as a whole because the demand for food is elastic
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B
B. Increase total revenue to farmers as whole because the demand for food is inelastic
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C
C. Reduce total revenue to farmers as a whole because the demand for food is elastic
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D
D. Reduce total revenue to farmers as a whole because the demand for food is inelastic
Correct Answer:
D. D. Reduce total revenue to farmers as a whole because the demand for food is inelastic
