If the Demand Curve for Agricultural Products Is Inelastic and Farmers

question 31

Multiple Choice

If the demand curve for agricultural products is inelastic and farmers as a group become more productive,then prices of agricultural goods will __________ and total revenue earned by farmers will __________.

• A)decrease;increase
• B)decrease;decrease
• C)increase;increase
• D)increase;decrease
• E)We cannot answer this question without knowing how inelastic the demand curve is.

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A legal assistant who performs tasks such as research and documentation under the supervision of an attorney.

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The process of reviewing public records to determine the legal ownership of property and to identify any claims, liens, or encumbrances on it.

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A company that provides insurance against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans.

Paralegal

A legal professional who assists attorneys in the delivery of legal services, performing tasks such as research and document preparation.