If the demand for farm products is price inelastic, a good harvest will cause farm revenues to: a. decrease b. increase c. be unchanged. d. either increase or decrease, depending on what happens to supply.

a. decrease

Explanation:

Good harvest will increase supply which will decrease the price.

Therefore, due to inelastic supply, revenue will decrease.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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