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Title: Suppose the market price for wheat changes, and we move from point A to point B on the wheat demand ... Post by: nakungth on Oct 24, 2017 Suppose the market price for wheat changes, and we move from point A to point B on the wheat demand curve. If the price elasticity of wheat demand was -0.3 at point A and -0.4 at point B, what is a plausible value for the arc elasticity of demand for wheat between points A and B?
A) -0.25 B) -0.35 C) -0.45 D) -0.70 Title: Re: Suppose the market price for wheat changes, and we move from point A to point B on the wheat ... Post by: LBCea on Oct 24, 2017 B
Title: Re: Suppose the market price for wheat changes, and we move from point A to point B on the wheat demand ... Post by: nakungth on Aug 15, 2018 Thank you!
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