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Suppose that corn currently costs $4 per bushel, and has a price elasticity of .10.If the price of corn falls by 25 percent (to $3

Suppose that corn currently costs $4 per bushel, and has a price elasticity of .10.If the price of corn falls by 25 percent (to $3 per bushel), then the quantity of corn that is demanded will rise . . .

a. 2.5 percent

b. 5 percent

c. 0.1 percent

d. 25 percent

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