Which of the Following Is Not One of the Three

question 2

Multiple Choice

Which of the following is not one of the three major types of organic fertilizer?

• A) green manure
• B) sewage sludge
• C) compost
• D) animal manure
• E) All of these are major types of organic fertilizers.

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Definitions:

Total Revenue

The total amount of money generated by the sale of goods or services before any costs are subtracted.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.

Total Revenue

The total amount of money generated by the sale of goods or services before any expenses are subtracted.

Inelastic Portion

Part of the demand curve where consumers are less sensitive to price changes, meaning that the quantity demanded changes little with a significant price change.