A farmer can sell 10 tons of corn at a market price of $2,000 per ton. In
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Question:
A farmer can sell 10 tons of corn at a market price of $2,000 per ton. In order to sell one more ton of corn, the farmer:
A. | Must sell it for less than $2,000. | |
B. | Cannot sell anymore because the market is in equilibrium. | |
C. | Can sell it for $2,000. | |
D. | Should raise its price above $2,000. |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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