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

Economics

JAMB 1997

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

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

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Correct Answer: Option A

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

Correct Answer: Option A

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