Multiple Choice
A new per unit subsidy for almond production in the United States increases the world supply of almonds. If almonds are inelastically demanded, what will happen to total revenues from almond production?
A) They will rise.
B) They will fall.
C) They will remain the same.
D) They will change in an indeterminate direction.
Correct Answer:
Verified
Correct Answer:
Verified
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