The Discovery of a New Hybrid Wheat Would Tend to Increase

question 62

Multiple Choice

The discovery of a new hybrid wheat would tend to increase the supply of wheat.Under what conditions would wheat farmers realise an increase in revenue?

• A)if the supply of wheat is elastic
• B)if the supply of wheat is inelastic
• C)if the demand for wheat is inelastic
• D)if the demand for wheat is elastic

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Definitions:

Ph.D. In Psychology

A doctoral degree that represents the highest level of education in the field of psychology, focusing on research, theory, and clinical practice.

University of Minnesota

A public research university located in Minneapolis and St. Paul, Minnesota, known for its high-quality education and research programs.

Behaviorism

Behaviorism is a psychological approach that emphasizes the study of observable behaviors and the processes behind learning, excluding theories of the mind.

Wundt

Wilhelm Wundt, often regarded as the father of experimental psychology, who established the first psychological laboratory in Leipzig, Germany, in 1879.