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Other Fields Homework Help Economics Topic started by: Sublight2097 on Jun 20, 2015



Title: If a drought reduced by 20 percent the quantity of wheat available for consumption, by how much woul
Post by: Sublight2097 on Jun 20, 2015
If a drought reduced by 20 percent the quantity of wheat available for consumption, by how much would the price of wheat have to rise to clear the market if the price elasticity of demand was .25?
A) 4 percent
B) 4.5 percent
C) 5 percent
D) 25 percent
E) 80 percent


Title: Re: If a drought reduced by 20 percent the quantity of wheat available for consumption, by how much
Post by: Dropx on Aug 18, 2015
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Title: Re: If a drought reduced by 20 percent the quantity of wheat available for consumption, by how much woul
Post by: Sublight2097 on Aug 31, 2015
Another one in the books, marking it solved.


Title: Re: If a drought reduced by 20 percent the quantity of wheat available for consumption, by how much woul
Post by: Dropx on Aug 31, 2015
Thanks for the feedback :)