Recall the Application About the Drought in Australia and Its

Recall the Application about the drought in Australia and its impact on the price of rice. In 2008, the
continuation of a 6-year drought in Australia reduced the amount of water available to irrigate Australia’s
rice crop. Farmers responded by reducing the amount of land devoted to rice. The drought was a major
factor in the change of rice prices.
-According to this Application, farmers in Thailand are investing in generators to irrigate their rice fields, allowing a second harvest each year. Ceteris paribus, these farmers will reap a large profit

A) only if the price of rice stays high.
B) only if the price of rice returns to low levels.
C) even if the price of rice drops to low levels.
D) only if the price of rice continues to double every six years.