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An Increase in the Supply of Corn Will Lower the Total

Question 60

Multiple Choice

An increase in the supply of corn will lower the total revenue from corn if


A) the demand curve for corn is inelastic between the current and new price of corn.
B) the demand curve for corn is elastic between the current and new price of corn.
C) there are many substitutes for corn.
D) there are only a few substitutes for corn.
E) none of the above

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