When There Is a Technological Advance in the Pork Industry,consumer

question 79

Multiple Choice

When there is a technological advance in the pork industry,consumer surplus in that market will

• A)increase.
• B)decrease.
• C)not change,since technology affects producers and not consumers.
• D)not change,since consumers' willingness to pay is unaffected by the technological advance.

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Definitions:

Females

Individuals of the sex that typically possesses the ability to bear offspring or produce eggs.

Population Density

The number of people per square mile.

Urban Populations

The segment of the total population living in areas classified as urban, often characterized by higher density of human structures and services compared to rural areas.

Rural Populations

Communities or groups of individuals living in areas characterized by low population density and geographic distance from urban centers.