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Home Q & A Board Other Fields Homework Help Business Economics
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rizumidancer rizumidancer
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Posts: 507
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4 years ago

Question 1.

The price elasticity of demand for alfalfa is perfectly elastic. Thus, the price elasticity demand for alfalfa is



▸ 1.0.

▸ 0.0.

▸ -1.0.

▸ infinity.

Question 2.

Price elasticity of demand is calculated as the change in price divided by the change in quantity demanded.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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WooWoo
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#1
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4 years ago
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