Good News for Farming Can Be Bad News for Farmers

question 23

Multiple Choice

Good news for farming can be bad news for farmers because the

• A)supply curve for an individual farmer is usually perfectly elastic.
• B)supply curve for an individual farmer is usually perfectly inelastic.
• C)demand for basic foodstuffs is usually inelastic,meaning that factors that shift supply to the right decrease total revenues to sellers.
• D)demand for basic foodstuffs is usually elastic,meaning that factors that shift supply to the right increase total revenues to sellers.

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Definitions:

Rewarding Individual

Someone who finds fulfillment and satisfaction in their actions or achievements.

Team Performance

The level of efficiency, productivity, and quality of output produced by a group of individuals working together towards common goals.

Supervisory Responsibilities

Duties and tasks associated with overseeing and guiding the work of other employees or team members.

Positive Energy

A beneficial force or influence, characterized by optimism, enthusiasm, and vitality.