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Using the elasticityapproach, estimate the new price of a $100000 90-day bank-accepted billwhen the yield decreases from 9% to 7% p.a., given the price elasticity
Using the elasticityapproach, estimate the new price of a $100000 90-day bank-accepted billwhen the yield decreases from 9% to 7% p.a., given the price elasticity of -1.
- $98 300.97
- $97 565.32
- $97 357.08
- $96 565.32
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Environmental Economics
Authors: Barry Field, Martha K Field
5th Edition
0073375764, 9780073375762
