Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to?
Areduce total revenue to farmers as a whole because the demand for food is elastic
Breduce total revenue to farmers as a whole because the demand for food is inelastic
Cincrease total revenue to farmers as a whole because the demand for food is elastic
Dincrease total revenue to farmers as whole because the demand for food is inelastic
Correct answer
B. reduce total revenue to farmers as a whole because the demand for food is inelastic
Explanation
The correct answer is reduce total revenue to farmers as a whole because the demand for food is inelastic.