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
Explanation
Correct Option
aNo explanation available
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I_am_with_Him
2 years ago
D is the answer because demand being inelastic means increase or reduction in price leaves quantity demanded unchanged, as elasticity is equal to zero.
