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When the price of corn rises from $4/bu. to $6/bu., the quantity demanded falls from 120 bu. to 80 bu. The own-price clasticity of corn
When the price of corn rises from $4/bu. to $6/bu., the quantity demanded falls from 120 bu. to 80 bu. The own-price clasticity of corn is _and the demand for corn is -5; elastic O 2; elastic O -1: unitary clastic O.0.4; inelastic
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