Elasticity And Revenue essay

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Posted on

February 5th, 2021

Home Business Elasticity And Revenue essay

Please learn the article from the Wall Road Journal “…Farmers are Struggling” (connected to this unit) and reply the next questions:
1. The article states that regardless of the dangerous climate, farmers have been anticipating a bumper crop of corn and soybeans final 12 months. However costs have been down and extra farmers have been going bankrupt and/or not in a position to pay their loans. The truth that the amount went up, however costs went down much more so farm earnings fell says what in regards to the elasticity of demand for corn and soybeans? (10 factors)
2. The article says within the final paragraph, “When grain costs are low, farmers typically attempt to develop bigger crops to promote extra and canopy prices.” Is that this in line with the regulation of provide? Why or why not? (10 factors)

https://www.wsj.com/articles/even-with-a-strong-crop-this-year-u-s-farmers-are-suffering-11598088601

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