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Title: The market demand for wheat is Q = 100 - 2p + 1 pb + 2Y. If the price of wheat, p, is $2, and the ... Post by: Llanis on Oct 17, 2017 The market demand for wheat is Q = 100 - 2p + 1 pb + 2Y. If the price of wheat, p, is $2, and the price of barley, pb, is $3, and income, Y, is $1000, the income elasticity of wheat is
A) 2 * (1000/2099). B) 2. C) 1/2 * (1000/2099). D) cannot be calculated from the information provided. Title: Re: The market demand for wheat is Q = 100 - 2p + 1 pb + 2Y. If the price of wheat, p, is $2, and ... Post by: Tyforumca on Oct 17, 2017 A
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