You are the curator of a museum. The museum is running short of funds, so you decide to increase revenue. Should you increase or decrease the price of admission? Explain.

4. Lack of rain in the western states has severely impacted farming. In particular, the loss of produce such as tomatoes, cucumbers, and peanuts.

A. Farmers whose crops were destroyed by the drought were much worse off, but farmers whose crops were not destroyed benefited from the drought. Why?

B. What information would you need about the market for wheat to access whether farmers as a group were hurt or helped by the drought?