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thanhha78 thanhha78
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6 years ago
Why would a bumper crop be bad news for farmers?
A) Their crop has an elastic demand and the resulting drop in price reduces their total revenue.
B) Their crop has an inelastic demand and the resulting drop in price reduces their total revenue.
C) Their crop has an elastic demand and the resulting drop in price raises their total revenue.
D) Their crop has an inelastic demand and the resulting drop in price raises their total revenue.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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thanhha78 Author
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6 years ago
Can't thank you enough for this, appreciate it!
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