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:

Mind And Body

The concept concerning the relationship and dual nature of the mental and physical aspects of human beings.

Libertarians

One term for persons who hold the metaphysical view that our apparently free choices actually are free. This term is also used for those who adopt the political position of libertarianism.

Determinism

The view that every event in the universe is dependent upon other events that are its causes. In this view, all human actions and decisions, even those we would normally describe as free and undetermined, are totally dependent on prior events that cause them.

Responsible

Being accountable or to blame for something, often reflecting a moral or legal obligation.