Multiple Choice
Which of the following circumstances will raise the total revenue of oat farmers?
A) A good harvest,combined with inelastic demand.
B) A poor harvest,combined with inelastic demand.
C) A poor harvest,combined with elastic demand.
D) A good wheat and oat harvest,combined with inelastic demands.
E) A poor wheat and oat harvest,combined with elastic demands.
Correct Answer:
Verified
Correct Answer:
Verified
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