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stars_and_moon stars_and_moon
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8 years ago
When a farmer increases the amount of fertilizer used by 10%, the farmer's crop of corn increases by 3%, and the farmer's crop of wheat increases by 5%. Which of the following statements is true about elasticity with respect to fertilizer?
A) Corn has a higher elasticity than wheat.
B) Wheat has a higher elasticity than corn.
C) Wheat and Corn are unit elastic.
D) Wheat and Corn have the same elasticity.
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kingbykingby
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#1
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8 years ago
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#2
8 years ago
Perfectly answered Smiling Face with Open Mouth

Cheers
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#3
8 years ago
I instantly knew the answer when I read the question, happy to help
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