If the Demand for Farm Products Is Inelastic,a Good Harvest

question 13

Multiple Choice

If the demand for farm products is inelastic,a good harvest will cause farm revenues to:

• A)increase
• B)decrease
• C)be unchanged
• D)either increase or decrease, depending upon what happens to supply
• E)disappear

---

Definitions:

PaaS

Platform as a Service, a cloud computing model that provides a platform allowing customers to develop, run, and manage applications without dealing with the complexity of building and maintaining the infrastructure.

IaaS

Infrastructure as a Service is a model of cloud computing that delivers virtual computing resources via the internet.

Cloud-Based

Pertaining to applications, services, or resources made available to users on demand via the internet from a cloud computing provider's servers.

CRM

Stands for Customer Relationship Management, referring to strategies and software that businesses use to manage interactions with current and potential customers.