Bad weather is likely to

A) raise the total revenue farmers receive for their foodstuffs, assuming that demand for their products is inelastic.
B) lower the total revenue farmers receive for their foodstuffs, assuming that demand for their products is elastic.
C) leave the total revenue farmers receive for their foodstuffs unchanged.
D) change the income elasticity of demand for food.
E) c and d

A

Economics

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In the United States, the debt burden tends to rise during ________ and fall during ________

A) wartime, but only if the war is of short duration; peacetime B) peacetime; wartime, but only if the war lasts several years. C) peacetime; wartime D) wartime; peacetime

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Characteristics of a monopolistically competitive market include all of the following except: a. some influence over price. b. a large number of sellers. c. barriers to entry

d. differentiated products.

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