4. Agricultural economists at the United States Department of Agriculture have estimated the following elasticities (Huang and
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4. Agricultural economists at the United States Department of Agriculture have estimated the following elasticities (Huang and Lin 2000). If you are a producer in the beef industry, which is a more threatening competitor for you—the poultry, pork, or fish industry? Explain why.
Cross-price elasticity of demand for beef with respect to pork
+0.0781 Cross-price elasticity of demand for beef with respect to poultry
+0.0417 Cross-price elasticity of demand for beef with respect to fish
+0.0241
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Related Book For 
Agricultural Marketing And Price Analysis
ISBN: 9781478646907
1st Edition
Authors: F. Bailey Norwood
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