Which of the following factors makes the demand for a good more price elastic (more responsive to a change in price)?

The availability of close substitutes that consumers can switch to if the price of the good rises.

Agricultural produce generally has price inelastic demand. If a bumper harvest sharply increases the supply of a crop and its price falls by a large percentage, what happens to farmers' total revenue?

Total revenue falls, because quantity demanded rises by proportionally less than the price falls

A Level Economics

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