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Knowing That the Demand for Wheat Is Inelastic,if All Farmers

Question 120

Multiple Choice

Knowing that the demand for wheat is inelastic,if all farmers voluntarily plowed under 10 percent of their wheat crop,then


A) consumers of wheat would buy more wheat.
B) wheat farmers would suffer a reduction in their total revenue.
C) wheat farmers would experience an increase in their total revenue.
D) the demand for wheat would decrease.

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