Suppose That When the Price of Corn Is $2 Per

question 334

Multiple Choice

Suppose that when the price of corn is $2 per bushel,farmers can sell 10 million bushels.When the price of corn is $3 per bushel,farmers can sell 8 million bushels.Which of the following statements is true?

• A) The demand for corn is income inelastic,and so an increase in the price of corn will increase the total revenue of corn farmers.
• B) The demand for corn is income elastic,and so an increase in the price of corn will increase the total revenue of corn farmers.
• C) The demand for corn is price inelastic,and so an increase in the price of corn will increase the total revenue of corn farmers.
• D) The demand for corn is price elastic,and so an increase in the price of corn will increase the total revenue of corn farmers.

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Definitions:

Antibodies

Proteins produced by the immune system that recognize and bind to specific antigens, helping to protect the body from pathogens.

Cytotoxic T Cell

A type of immune cell capable of killing cancer cells, cells that are infected (particularly with viruses), or cells that are damaged in other ways.

Killer Cell

A type of immune cell that can kill cancer cells, cells infected with viruses, or other damaged or dangerous cells.

Passive Immunity

The type of immunity obtained by the transfer of antibodies from one individual to another, such as a mother to her infant through breast milk, providing immediate but temporary protection.