Answer:
The correct answer is option A.
Explanation:
In case the consumers have a pessimistic tendency towards the future, they would expect the economy to face a downturn. They will, as a result, save their income and wealth for the future.
This would cause a decline in consumer spending and the aggregate demand curve will move down to the left.
An increase in consumer confidence, on the other hand, would cause consumer spending and aggregate demand to increase.
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What are asking I am confused
If wheat farmers know that the demand for wheat is inelastic, and they want to increase their total revenue then they should increase the price of wheat to increase total revenue.
Given that the demand for wheat is inelastic and the farmers want to increase their total revenue.
We are required to find how the farmers increase their total revenue if the demand of wheat is inelastic.
Inelastic demand means that the demand is likely not to be change by a change in the price of commodity.
If the demand is not likely to change by the change in the price then the farmers can increase their total revenue by increasing the price because the total revenue is the product of price and quantity.
Hence if wheat farmers know that the demand for wheat is inelastic, and they want to increase their total revenue then they should increase the price of wheat to increase total revenue.
Learn more about inelasticity at brainly.com/question/26850555
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