Here are four positions that Farmer Gomez can be in: (1) bad weather for Gomez and good weather for all other farmers; (2) bad weather for all farmers except Gomez (who witnesses good weather) ; (3) bad weather for all farmers; (4) good weather for all farmers.Assuming the demand for foodstuffs is inelastic,Farmer Gomez would probably rank these four positions,from best for him to worst for him,the following way:
A) 1,2,3,4.
B) 2,1,3,4.
C) 2,3,4,1.
D) 4,3,2,1.
E) 3,4,1,2.
Correct Answer:
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