Multiple Choice
Knowing that the demand for wheat is inelastic,if all farmers voluntarily cut back 10 percent of their wheat crop,what would happen
A) Consumers of wheat would buy more wheat.
B) Wheat farmers would suffer a reduction in their revenue.
C) Wheat farmers would increase their revenue.
D) The demand for wheat would decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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