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Question 3 [15 pts]: Total Revenues and Elasticity of Demand Some insights about agricultural markets Whether conditions aect the agricultural markets; there are 'good' years

Question 3 [15 pts]: Total Revenues and Elasticity of Demand Some insights about agricultural markets Whether conditions aect the agricultural markets; there are 'good' years when whether is good and the crop is plenty, and there are 'bad' years when the weather goes wrong, and the amount of crop is low. Below ii; the demand for one agricultural product: wheat

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