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03-11-2020
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A storm destroys half of the potato crop. Is this event more likely to hurt potato farmers if the
demand for potatoes is very elastic or very inelastic? Fully explain your answer by comparing how
the two scenarios will generate different outcomes.

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heyhey9172 heyhey9172

03-11-2020

Answer:

yes because the crop supply will lower. Thus making less to sell

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