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

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
Correct Answer: Option A
Explanation
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