Elasticity Mcqs for Economics


Q.  Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?

a. increase total revenue to farmers as a whole because the demand for food is elastic
b. increase total revenue to farmers as whole because the demand for food is inelastic
c. reduce total revenue to farmers as a whole because the demand for food is elastic
d. reduce total revenue to farmers as a whole because the demand for food is inelastic


ANSWER: See Answer
 
No explanation is available for this question!
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