If wheat farmers would receive a larger gross income from wheat sales when half the total wheat crop was destroyed, the demand for their wheat is

A) elastic.
B) inelastic.
C) larger at higher prices.
D) smaller at higher prices.
E) unit elastic.

B

Economics

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Indicate whether the statement is true or false

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During Global Financial Crises, housing starts in the US fell by

A) 76%. B) 25%. C) 30%. D) 95%.

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