Question
The short-run price elasticity of demand for soyabean is 0.21. The quantity demanded for soyabean is 4.0 billion bushels at the current price $10.90 per
The short-run price elasticity of demand for soyabean is 0.21. The quantity demanded for soyabean is 4.0 billion bushels at the current price $10.90 per bushel.
Calculate the quantity demanded if the price per bushel is $11.00. (2 Marks) c. Discuss ONE (1) factor that influence the price elasticity of demand.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
