Question
Suppose that the market supplyelasticity, = 0.7, the demand elasticity in othercountries, o= 0.9, and that the UnitedStates' share of world riceoutput, = 10.0%. Its
Suppose that the market supplyelasticity, = 0.7, the demand elasticity in othercountries, o= 0.9, and that the UnitedStates' share of world riceoutput, = 10.0%.
Its residual supply elasticity r' is ____ (round your answer to one decimal place).
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Environmental Economics
Authors: Barry Field, Martha K Field
5th Edition
0073375764, 9780073375762
