If the own-price elasticity of demand equals -0.2, then the price flexibility of demand is equal to

Suedyso

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If the own-price elasticity of demand equals -0.2, then the price flexibility of demand is equal to

• -0.2.

• -0.4.

• -5.

• None of these

Textbook

Introduction to Agricultural Economics

Edition: 7^th

Authors: Penson, Rosson, Woodward

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Suedyso Author

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Correct

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You make an excellent tutor!

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