When supply increase in an agricultural market farmer’s earning migh – McqOptions

MCQOPTIONS

1.	When supply increase in an agricultural market farmer’s earning might fall because ?
A.	Supply is price elastic
B.	Demand is price inelastic
C.	The government buys up all the excess production
D.	All output must be sold at a maximum price
Answer» C. The government buys up all the excess production

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