According to economic theory, if farmers find that large bumper crops lead to declines in their gross incomes this suggests that: the price elasticity of demand for farm products is less than 1. the price elasticity of demand for farm products is greater than 1. farm products are normal goods. farm products are inferior goods.
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Home » Business » According to economic theory, if farmers find that large bumper crops lead to declines in their gross incomes this suggests that: the price elasticity of demand for farm products is less than 1.