Figure 5-12 -Refer to Figure 5-12.When a New,more Productive Strawberry Plant Was

question 55

Multiple Choice

Figure 5-12

-Refer to Figure 5-12.When a new,more productive strawberry plant was developed,causing supply to increase,what happened to strawberry farmers,and why

• A)They were helped, since although price fell, total revenue increased, due to an inelastic demand curve.
• B)They were hurt, since both price and total revenue fell due to an elastic demand curve.
• C)They were hurt, since both price and total revenue fell due to an inelastic demand curve.
• D)They were helped, since although price fell, total revenue increased, due to an elastic demand curve.

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