Use the Following Statements to Answer This Question

question 91

Multiple Choice

Use the following statements to answer this question:
I. Even though people need water to survive, the price of water is less than the price of diamonds because water is in greater supply than diamonds.
II. Suppose that the demand for corn is highly price inelastic. If every corn farmer's harvesting technologies become more efficient, the total revenue received by all corn farmers would fall.

• A) I and II are true.
• B) I is true, and II is false.
• C) II is true, and I is false.
• D) I and II are false.

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Definitions:

Productivity Software

Software applications designed to increase productivity, particularly in office and academic environments, including word processors, spreadsheets, and presentation tools.

Image-Editing Software

Programs for editing photographs and other images.

Educational Software

Computer applications specifically designed to facilitate learning and teaching, often interactive and used in academic environments.

Drawing Software

A type of computer program that enables users to create, edit, and illustrate digital images and graphics.