Suppose Wheat Farmers Are Price Takers

Multiple Choice

Suppose wheat farmers are price takers. If wheat farmers are currently making economic profits, over time we would expect that

A) existing wheat farmers would plant more acres of wheat.
B) farmers growing other crops would switch some of their land from these crops to the growing of wheat.
C) the wheat farmers will continue to earn economic profits because they would be driven out of business without such profit.
D) both a and b are correct.