MCQOPTIONS
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MCQOPTIONS
| 1. |
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» E. | |