Question on: JAMB Economics - 1997
The suggestion that peasants in Africa have backward-bending supply curves of output implies that their response to an increase in the price of their crops will be to?
A
increase their output
B
decrease their output
C
keep their output constant
D
hoard their output
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses