This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why would a bumper crop be bad news for farmers? (Read 75 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
on: Jul 20, 2019
Why would a bumper crop be bad news for farmers?
◦ Their crop has an inelastic demand and the resulting drop in price raises their total revenue.
◦ Their crop has an elastic demand and the resulting drop in price reduces their total revenue.
◦ Their crop has an inelastic demand and the resulting drop in price reduces their total revenue.
◦ Their crop has an elastic demand and the resulting drop in price raises their total revenue.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by RYAN BANYAN on Jul 20, 2019

tsternbergh47

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 20, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
Reply #2 on: Jul 20, 2019
TY


tsternbergh47

  • Sr. Member
  • ****
  • Posts: 311
Reply #3 on: Jul 20, 2019
You're welcome


« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Japanese farmers create pentagon-shaped oranges Japanese farmers create pentagon-shaped oranges
African farmers use chili peppers to ward elephants off their crops. Clever! African farmers use chili peppers to ward elephants off their crops. Clever!
Crop Rotation Crop Rotation
Thanks to agricultural advances, the world’s farmers can grow plenty of food Thanks to agricultural advances, the world’s farmers can grow plenty of food
Better land and water management and appropriate crop selection can help eliminate hunger Better land and water management and appropriate crop selection can help eliminate hunger
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
Video: Definition of heart rate

For a complete list of videos, visit our video library