A drop in the demand for soybean meal in China would
A. decrease the total demand for soybeans.
B. decrease the price of soybeans.
C. increase the quantity of soybeans.
D. Both A and B are correct.
Ans: D. Both A and B are correct.
Economics
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What will be an ideal response?
Economics
The figure above shows a perfectly competitive firm. When the firm maximizes its profit, its total revenue is
A) $1,200. B) $900. C) $600. D) unable to be determined without more information.
Economics