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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Helmuth Inc's latest net income was $1,250,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare? a. $2.14 b. $2.50 c. $2.26 d. $2.63 e. $2.38
Answers (1)
The company makes apparel products for extreme sports enthusiasts such as rock climbers, triathletes, parasailors, and BMX bikers. Sarah wants her company to pursue a high level of corporate entrepreneurship.
Answers (1)
Christian Louboutin is famous for expensive designer shoes with a red sole. Many celebrities enjoy wearing his shoes with short dresses to show off the red sole. Ashley decides to buy a pair of these shoes based on this trend.
Answers (1)
If a bank posts a nominal interest rate of 4 percent, and inflation is expected to be 3 percent, then a. the expected real interest rate is 7 percent. b. the expected real interest rate is 1 percent. c. the expected real interest rate is 1.
Answers (1)
16. If a business chooses an alternative strategy that does not pose a particular risk, what kind of risk management strategy is it practicing? a. avoiding risk c. insuring risk b. transferring risk d. assuming risk
Answers (1)
New Questions in Business
Pirate Corporation acquired 85 percent of Ship Company's voting shares of stock in 20X7. During 20X8, Pirate purchased 50,000 circuit boards for $15 each and sold 28,000 of them to Ship for $20 each.
Answers (1)
The term of an invoice of $2800 were 2/10, 1/30, n/60. The buyer sent a part payment of $980 within 10 days and the balance due 15 days later. How much cash discount could be taken?
Answers (1)
Baxter company produces children's wiffle ball sets using a three-step sequential process that includes molding, coloring, and finishing. when the sets are completely finished, out of which account should the cost be transferred?
Answers (1)
Who is responsible for first mass producing cars on the assembly line in world war 1?
Answers (1)
What would you call a object that makes people shut up
Answers (1)