If the demand for agricultural products is price inelastic and the supply is dependent upon weather conditions, then

A) price changes are likely to be small, and farm revenues are likely to be highly volatile.
B) price changes are likely to be large, and farm revenues are likely to be highly volatile.
C) prices are likely to be constant, and farm revenues are likely to be constant.
D) prices are likely to be constant, and farm revenues are likely to be highly volatile.
E) price changes are likely to be small, and farm revenues are likely to be constant.

B

Economics

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_____________ is the utility derived from the payoff and the gamble itself

Fill in the blank(s) with the appropriate word(s).

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An unplanned increase in inventories results from

A) actual investment that is less than planned investment. B) an increase in planned investment. C) a decrease in planned investment. D) actual investment that is greater than planned investment.

Economics