Explain why the following might be true: A drought around the world raises the total revenue that

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Explain why the following might be true: A drought around the world raises the total revenue that farmers receive from the sale of grain, but a drought only in Kansas reduces the total revenue that Kansas farmers receive.

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:49 AM

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Explain why the following might be true: A drought around the world raises the total revenue that

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A worldwide drought could increase the total revenue of f...View the full answer

Principles of economics

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