Which of the Following Statements Represents a Correct Sequence of Events

question 130

Multiple Choice

Which of the following statements represents a correct sequence of events?

• A)Productivity rises in the agriculture sector,the supply curve of foodstuffs shifts to the left,price rises,and total revenue rises assuming demand is inelastic.
• B)Productivity rises in the agriculture sector,the supply curve of foodstuffs shifts to the right,price rises,and total revenue rises assuming demand is inelastic.
• C)Productivity rises in the agriculture sector,the supply curve of foodstuffs shifts to the right,price falls,and total revenue falls assuming demand is elastic.
• D)Productivity rises in the agriculture sector,the supply curve of foodstuffs shifts to the left,price falls,and total revenue rises assuming demand is elastic.
• E)none of the above

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Definitions:

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Atkinson-Shiffrin

A model of memory proposed by Richard Atkinson and Richard Shiffrin that describes it in terms of three stores: sensory memory, short-term memory, and long-term memory.

Activated Memory

Memory that is readily accessible and currently in use.

Limited-Capacity

Refers to the finite amount of information or cognitive resource that an individual can process at one time.