Solved

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

Question 4

Multiple Choice

Knowing that the demand for wheat is inelastic,if all farmers voluntarily did not plant wheat on 10 percent of their land,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.

Correct Answer:

verifed

Verified

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

Related Questions