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jarzola jarzola
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10 months 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



▸

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



▸

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



▸

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



▸

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



▸

a and c

Textbook 
Economics

Economics


Edition: 12th
Author:
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casinogurlcasinogurl
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10 months ago
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jarzola Author
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10 months ago
You make an excellent tutor!
annabananerz
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Yesterday
Smart ... Thanks!
bahajo
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2 hours ago
Correct Slight Smile TY
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