Home » Past Questions » Economics » What is the effect of inelastic demand for agricultural products on the income o...

What is the effect of inelastic demand for agricultural products on the income o...


Question

What is the effect of inelastic demand for agricultural products on the income of a farmer?

Options

A)
A price rise results in its fall
B)
A price fall results in its fall
C)
A price fall results in its rise
D)
A price rise leaves the income unchanged

The correct answer is A.


More Past Questions:


Discussion