Because the Demand for Wheat Tends to Be Inelastic,the Development

question 39

Multiple Choice

Because the demand for wheat tends to be inelastic,the development of a new,more productive hybrid wheat would tend to

• A)increase the total revenue of wheat farmers.
• B)decrease the total revenue of wheat farmers.
• C)decrease the demand for wheat.
• D)decrease the supply of wheat.

---

Definitions:

Inspirational Motivation

The ability to inspire and motivate individuals or teams to achieve high levels of performance and commitment through a compelling vision of the future.

Transformational Leader

A type of leadership where the leader works with teams to identify needed change, creating a vision to guide the change through inspiration and executing the change in tandem with committed members of the group.

Innovative

Refers to something featuring new methods; advanced and original.

Transformational Leaders

Individuals who inspire and motivate followers by fundamentally transforming their attitudes and beliefs, aiming to improve both individual and organizational performance.