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Bumper Crops Assignment | Homework For You

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December 5th, 2019

farmers have long recognized that ” bumper crops” are not always a great thing in terms of their revenues.

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Homework For You

a.In terms of the elasticity of demand, why would this be so？

b. Would it eve be in the interests of a single farmer to reduce his output in an effort to raise price?

c. in point form, list three problems farmers would face if they tried as a group to restrict output? Get Economics homework help today

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