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QUESTION ANSWER 10%, rice The current price of wheat is $1.00 per bushel, and the price . elasticity of demand for wheat is known to

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QUESTION ANSWER 10%, rice The current price of wheat is $1.00 per bushel, and the price . elasticity of demand for wheat is known to be 0.50, A bad harvest causes the supply of wheat to decrease and as a result 10%, Call the price of wheat rises by 20%, What will be the percentage ooOO change in quantity demanded for where and will farm revenues rise or fall? 20%, rise I DONT KNOW YET

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