Question
The short-run cross-price elasticity of demand between palm oil and soybean oil is 0.103. The quantity demanded for palm oil is 10million metric tonnes at
The short-run cross-price elasticity of demand between palm oil and soybean oil is 0.103. The quantity demanded for palm oil is 10million metric tonnes at the current price USD 1480 per metric ton of soybean oil. Calculate the quantity y demanded of palm oil if the price per metric ton of soybean oil decrease to USD1400
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Power And Plenty Trade, War, And The World Economy In The Second Millennium
Authors: R Findlay, Ronald Findlay
1st Edition
0691143277, 9780691143279
