Multiple Choice
Why is bad weather sometimes good news for farmers?
A) Bad weather shifts the supply curve of agricultural products leftward,driving up price and total revenue (assuming demand is inelastic) .
B) Bad weather shifts the supply curve of agricultural products leftward,driving down price,and raising total revenue (assuming demand is elastic) .
C) Bad weather increases the demand for and price of agricultural products.
D) Bad weather increases both the demand for and supply of agricultural products.
Correct Answer:
Verified
Correct Answer:
Verified
Q134: If the demand for a particular farm
Q135: Exhibit 39-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1429/.jpg" alt="Exhibit 39-3
Q136: Exhibit 39-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1429/.jpg" alt="Exhibit 39-1
Q137: Exhibit 39-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1429/.jpg" alt="Exhibit 39-2
Q138: A farmer has 500 acres on which
Q140: With a price elasticity of demand of
Q141: Suppose 100 bushels of X are produced
Q142: One unintended consequence of the various attempts
Q143: The effect of a drought on the
Q144: Exhibit 39-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1429/.jpg" alt="Exhibit 39-2