The Price Elasticity of Demand for Fresh Tomatoes Has Been

question 142

Essay

The price elasticity of demand for fresh tomatoes has been estimated to be 2.22.If a new insecticide and fertilizer treatment yields a 20% increase in the nation's fresh tomato crop, how will that affect total revenue from fresh tomatoes, all other things unchanged?
A.Total revenue will remain unchanged.
B.Total revenue will fall.
C.Total revenue will rise.
D.Not enough information is given to answer the question.

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Definitions:

Hostility

Unfriendly or aggressive behavior towards people or ideas.

Menstrual-Cycle Findings

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Circadian Rhythms

Biological processes that display an endogenous, entrainable oscillation of about 24 hours, influencing various physiological functions.