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Suppose a Drought in a farm states cause very low

Question : Suppose a Drought in a farm states cause very low : 5009

Suppose a Drought in a farm states cause very low agricultural yields one year. Farmer will experience an increase in their revenue. If this occurs, the demand curve between the current price and the higher price is

also explain

A. inelastic

b. Elastic

C. Unit elastic

D. There is not enough information to answer this question.

Solution
5 (1 Ratings )

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Economics 2 Months Ago 190 Views
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