If the demand for farm products is price inelastic, a bumper crop (an unusually good harvest) will cause farm revenues to

A) increase.
B) decrease.
C) be unchanged.
D) either increase or decrease, depending on what happens to supply.

Price Inelastic

Refers to a condition where the demand for a good does not significantly change with a change in its price.

Bumper Crop

An exceptionally large harvest of crops in a given season, often beyond what was expected, typically resulting in decreased prices due to increased supply.

Farm Revenues

The total income received by a farm from the sale of its products and services.