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An extraordinarily small crop of farm products due to drought causes Multiple Choice a large increase in the price of farm products because the demand
An extraordinarily small crop of farm products due to drought causes Multiple Choice a large increase in the price of farm products because the demand for farm products is price inelastic. only a slight increase in the price of farm products because the demand for farm products is income elastic. only a slight increase in the price of farm products because the demand for farm products is income inelastic. a large increase in the price of farm products because the demand for farm products is price elastic
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
