Business, 26.02.2020 04:35 isabeltorres5

If demand is inelastic, a drought around the world would ___the total revenue that farmers receive from the sale of grain.

Why would a drought only in Kansas most likely reduce the total revenues that Kansas farmers receive?

a. A drought in Kansas would significantly raise the worldwide price of grain.

b. A drought in Kansas would significantly lower the worldwide price of grain.

c. A drought in Kansas is not significant enough to affect the worldwide price of grain.

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