5. The elasticity of demand for rice in the United States and Vietnam is -0.55 and -0.15,...

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5. The elasticity of demand for rice in the United States and Vietnam is -0.55 and -0.15, respectively (Cramer, Wailes, and Shangnan 1993). Think about the differences in the cultures of these two countries that might cause such disparities. Explain in a clear, logical paragraph. There is no right or wrong answer; we are just looking for a logical argument.

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