If this years harvest was greater than last years by 12%, to sell all of the crop,

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If this year’s harvest was greater than last year’s by 12%, to sell all of the crop, how much does price have to change if the price elasticity of demand is 0.2?

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The Micro Economy Today

ISBN: 9781118152003

15th Edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: Nov 19, 2024 07:00 AM

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If this years harvest was greater than last years by 12%, to sell all of the crop, how much does price have to change if the price elasticity of demand is 0.2?
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If this years harvest was greater than last years by 12%, to sell all of the crop,

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The Micro Economy Today

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