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jarzola jarzola
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A year ago

Suppose the demand curve for corn is inelastic between the current price and price that exists after the supply of corn falls. It follows that



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fewer farmers are producing corn at the new price than at the old price.



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the total revenue for corn is lower at the new price than at the old price.



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the total revenue for corn is higher at the new price than at the old price.



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more farmers are producing corn at the new price than at the old price.



▸

a and c

Textbook 
Economics

Economics


Edition: 12th
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casinogurlcasinogurl
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A year ago
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jarzola Author
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A year ago
Good timing, thanks!
lolaww
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Yesterday
Brilliant ツ
veronee_madison
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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