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Author Question: Why would a bumper crop be bad news for farmers? (Read 91 times)

RYAN BANYAN

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

tsternbergh47

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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.
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RYAN BANYAN

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Reply #2 on: Jul 20, 2019
TY


tsternbergh47

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Reply #3 on: Jul 20, 2019
You're welcome


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