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Inelastic Demand Assignment | Homework For You

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December 10th, 2019

If corn farmers know that the demand for corn is inelastic, and they want to increase their total revenue, they should all

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a. plant more corn so that they would be able to sell more each year.

b. increase spending on fertilizer in an attempt to produce more corn on the acres they farm.

c. reduce the number of acres they plant in corn.

d. contribute to a fund that promotes technological advances in corn production. Get Economics homework help today

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