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22 April, 03:48

If the demand for farm products is price inelastic, a good harvest will cause farm revenues to: a. decrease b. increase c. be unchanged. d. either increase or decrease, depending on what happens to supply.

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  1. 22 April, 03:59
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    a. decrease

    Explanation:

    Good harvest will increase supply which will decrease the price.

    Therefore, due to inelastic supply, revenue will decrease.
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