question archive Because the demand for wheat tends to be inelastic, falling wheat prices would tend to: a

Because the demand for wheat tends to be inelastic, falling wheat prices would tend to: a

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Because the demand for wheat tends to be inelastic, falling wheat prices would tend to:

a. increase the total revenue of wheat farmers,

b. decrease the total revenue of wheat farmer,

c. decrease the demand for wheat,

d. decrease the supply of wheat.

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