A drought around the world reduces the total revenue that farmers receive from the sale of grain if demand is inelastic Why would a drought only in Kansas most likely reduce the total revenues that Kansas farmers receive? elastic A drought in Kansas would significantly lower the worldwide price of grain. A drought in Kansas would significantly raise the worldwide price of grain. A drought in Kansas is not significant enough to affect the worldwide price of grain.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A drought around the world reduces the total revenue that farmers receive from the sale of grain if demand is inelastic Why would a drought ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How is a loan obtained through a pawnshop typically off? A. In multiple payments, and collateral is retuned B. In a single payment, and the collateral is returned. C. The lender sells the item to pay off the interest. D.
Answers (2)
Companies use information systems to manage the answer, which starts with the acquisition of raw materials or the procurement of products and proceeds through manufacture, transport, and delivery-and the disposal or recycling of products.
Answers (1)
A company that doesn't just make money but makes a difference in the world and gives back to the community is a company that engages in
Answers (1)
What are the best ways to avoid being a victim identity theft
Answers (2)
The allowance method of accounting for bad debts has the following advantages over the direct write-off method including: (You may select more than one answer.
Answers (1)
New Questions in Business
How does the government of a republic typically shape its economy? A. The government allows citizens to own private businesses. B. The government blocks the ownership of personal property. C. The government owns all homes and other forms of housing.
Answers (1)
For a business credit card, most companies that issue credit, including Visa and Mastercard, specifically state their liability policies: Only cover the first $50.
Answers (1)
In the resource-based view of the firm, examples of tangible resources include: Select one: a. outstanding customer service, innovativeness of products, and reputation b.
Answers (1)
Off-Line Co. has 9,000 units in beginning finished goods. The sales budget shows expected sales to be 36,000 units. If the production budget shows that 42,000 units are required for production, what was the desired ending finished goods?
Answers (1)
g resh bought 1,000 shares of Ibis Corporation stock for $5,600 on January 15, 2017. On December 31, 2019, she sold all 1,000 shares of her Ibis stock for $4,800.
Answers (1)