If Corn Farmers Know That the Demand for Corn Is

question 298

Multiple Choice

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

• 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.

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Definitions:

Rising Sea Levels

The increase in the level of the world's oceans due to the effects of global warming.

Deforestation

The removal of a forest or stand of trees where the land is thereafter converted to a non-forest use.

Major Effects

Significant impacts or outcomes resulting from a particular cause or intervention, often used in the context of scientific studies or environmental changes.