question archive Demand for vegetables at a small farmers' market is steady, but the supply of vegetables has decreased because of a drought

Demand for vegetables at a small farmers' market is steady, but the supply of vegetables has decreased because of a drought

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Demand for vegetables at a small farmers' market is steady, but the supply of vegetables has decreased because of a drought.

This is good news for farmers if demand is _____ and the _____ effect outweighs the _____ effect.

A. inelastic; output; price

B. elastic; output; price

C. inelastic; price; quantity

D. elastic; price; quantity

Option 1

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