QUESTION IMAGE
Question
how did the development of new technology after world war i affect farmers?
it helped them produce better crops.
it helped them produce more crops.
it forced them to cut prices.
it forced them to raise prices.
After World War I, new technology in agriculture (like tractors, better seeds, etc.) increased productivity. When supply (of crops) increases in a market (assuming demand doesn't increase proportionally), farmers have to cut prices to sell their produce. Producing better crops is not the main impact here compared to the market - related price - cutting due to oversupply. Producing more crops (without considering market forces) is not the full picture as the price change is a key consequence. Raising prices would not happen when supply is high (assuming no significant demand increase).
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
It forced them to cut prices.