Solved

If Soybean Farmers Know That the Demand for Soybeans Is

Question 168

Multiple Choice

If soybean farmers know that the demand for soybeans is inelastic,and they want to increase their total revenue,what should they all do


A) They should plant more soybeans so that they would be able to sell more each year.
B) They should increase spending on fertilizer in an attempt to produce more on the acres they farm.
C) They should reduce the number of acres they plant in soybeans.
D) They should use better machinery.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions