Which of the Following Statements Is True

question 14

Multiple Choice

Which of the following statements is true?

• A)There are more farms today than at the beginning of the 20th century.
• B)An individual farmer prefers good weather to bad weather,but farmers as a group may prefer bad weather to good weather,especially if the demand for their products is inelastic.
• C)Income elasticity of demand measures the responsiveness of a change in quantity supplied to changes in income.
• D)a and b
• E)b and c

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Definitions:

Learned Emotion

An emotion that individuals acquire through experiences and socialization, which can vary across different cultures and societies.

Seeking

The process of actively looking for or attempting to obtain something, such as information, resources, or fulfillment.

Apologizing

The act of expressing regret or sorry for one's actions or words, often used as a means to mend or maintain social relationships.

Guilty

A legal term denoting that someone has been found responsible for committing a crime or offense, or a feeling of having done wrong or committed a misdemeanor.