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Commerce · Q1538

Economics

Graduate and Post Graduate · Commerce · question 1538

Q1538

When the aggregate supply of food grains increases, the total income of the farmer falls. On this basis, state what will be the demand curve for food grains

A.
Elastic
Answer
B.
Inelastic
C.
Unit elastic
D.
Perfectly elastic

Answer: Option A

Solution

Answer: Option A
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