Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
Sublight2097 Sublight2097
wrote...
Posts: 4132
8 years ago
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
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 422 times
3 Replies
Replies
Answer verified by a subject expert
DropxDropx
wrote...
Top Poster
Posts: 1990
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Sublight2097 Author
wrote...
8 years ago
Another one in the books, marking it solved.
wrote...
8 years ago
Thanks for the feedback Slight Smile
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  839 People Browsing
Related Images
  
 1719
  
 1781
  
 167
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 308

Previous poll results: How often do you eat-out per week?