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11 December, 12:17

If there is more corn produced than people have a need for, which of the following will occur

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  1. 11 December, 12:41
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    The corm farmers should reduce or decrease the number of acres on which they plant the corn. Therefore, the correct answer is C

    Explanation:

    The demand for the product is inelastic which means it is a situation or scenario in which the demand of the product does not increase or decrease likewise with rise or fall in the price of the product.

    In order to increase the aggregate revenue on the product (corn) whose revenue is inelastic, the farmers should decrease the number of acres on which they grow or plant the corn.
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