Suppose the Revenues from Citrus Increased by 38% and the Price

question 111

Multiple Choice

Suppose the revenues from citrus increased by 38% and the price increased by 56%.Calculate the percentage change in quantity demanded.

• A)68%
• B)21%
• C)-21%
• D)-68%

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Definitions:

Home Construction

Home construction involves the processes and resources required for building residential houses, including planning, design, permitting, and building.

Family Farms

Small-scale agricultural operations owned and managed by a family, primarily reliant on family labor.

Farm Subsidy

A governmental financial aid paid to farmers and agribusinesses to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities.

Agricultural Surpluses

The production of agricultural goods that exceeds the immediate needs of the population, leading to stockpiling or exports.