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Why Could the Discovery of a New Hybrid Wheat Lower

Question 170

Multiple Choice
Why could the discovery of a new hybrid wheat lower farmers' revenue
A)because the demand for wheat is inelastic
B)because the demand for wheat is elastic
C)because the supply of wheat is elastic
D)because the supply of wheat is inelastic

Why could the discovery of a new hybrid wheat lower farmers' revenue


A) because the demand for wheat is inelastic
B) because the demand for wheat is elastic
C) because the supply of wheat is elastic
D) because the supply of wheat is inelastic

Correct Answer:

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