The demand for agricultural output is price inelastic.This means that if farmers, taken collectively, have a bumper crop, they will experience:
A.lower prices, greater quantities sold, and lower incomes.
B.lower prices, greater quantities sold, and higher incomes.
C.lower prices, lower quantities sold, and lower incomes.
D.higher prices, higher quantities sold, and higher incomes.

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The Answer of The demand for agricultural output is price inelastic.This means that if farmers, taken collectively, have a bumper crop, they will experience:
A.lower prices, greater quantities sold, and lower incomes.
B.lower prices, greater quantities sold, and higher incomes.
C.lower prices, lower quantities sold, and lower incomes.
D.higher prices, higher quantities sold, and higher incomes.

The Demand for Agricultural Output Is Price Inelastic