Which of the Following Is One Reason Why the Income

question 133

Multiple Choice

Which of the following is one reason why the income of small family farms has decreased over time?

• A)Decreased capital costs and increased labour costs has made it easier for small farms to compete with large ones.
• B)The demand for farm products is price elastic.
• C)The demand for farm products is income inelastic.
• D)The Canadian population has increased greatly since 1960.

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Definitions:

Negatively Skewed

A distribution where the tail is longer on the left side of the distribution, indicating that the majority of data points are located on the right.

Positively Skewed

A type of distribution in which the right tail (higher values) is longer than the left tail, indicating that a majority of the data points are clustered to the left of the mean.

Symmetric

A characteristic of distributions or shapes where they are mirror images on either side of a central point or axis.

Molecular Dipole Moment

A measure of the separation of positive and negative electrical charges within a molecule, influencing molecular interactions and physical properties.