If the Demand Curve for Agricultural Products Is Inelastic and Farmers

question 31

Multiple Choice

If the demand curve for agricultural products is inelastic and farmers as a group become more productive,then prices of agricultural goods will __________ and total revenue earned by farmers will __________.

• A)decrease;increase
• B)decrease;decrease
• C)increase;increase
• D)increase;decrease
• E)We cannot answer this question without knowing how inelastic the demand curve is.

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Definitions:

Alarm Phase

The initial phase of the stress response, where the body undergoes various physiological changes to combat stress.

Stress Response

The body's reaction to any change that requires an adjustment or response, involving physical, emotional, or cognitive components.

Magnetic Resonance Imaging

A diagnostic imaging technique used to create detailed images of the organs and tissues in the body using magnetic fields and radio waves.

Brain-Imaging

A collection of various techniques used to visualize the structure and function of the brain, including MRI, CT scans, PET scans, and fMRI, aiding in diagnosing and researching neurological conditions.