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1.Knowing that the demand for wheat is inelastic, if all farmers voluntarily did not plant wheat on 10 percent of their land, then a.consumers of
1.Knowing that the demand for wheat is inelastic, if all farmers voluntarily did not plant wheat on 10 percent of their land, then
a.consumers of wheat would buy more wheat.
b.wheat farmers would suffer a reduction in their total revenue.
c.wheat farmers would experience an increase in their total revenue.
d.the demand for wheat would decrease.
e.There is not enough information to answer the question.
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