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QUESTION ANSWER O 20%. rise 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 O 20%. rise 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 the price of wheat rises by 20%. What will be the O 10%, I'iSB percentage change in quantity demanded for wheat and will farm revenues rise 7 or fall. 0 10%. fall 0 I DON'T KNOW

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