2 Good weather brings a bumper tomato crop. The price falls from 7 to 5 a load,...

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2 Good weather brings a bumper tomato crop. The price falls from £7 to £5 a load, and the quantity demanded increases from 300 to 500 loads a day. Over this price range, a What is the price elasticity of demand? b Describe the demand for tomatoes.

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Economics

ISBN: 9781509540235

6th Edition

Authors: Michael Parkin, Melanie Powell, Kent Matthews

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