Chapter 1

A) equals (-4/46). B) equals (-46). C) equals (-1). D) cannot be calculated without more information. Answer: D . Diff: 2. Topic: Sensitivity of Quantity Demanded to Price. 28) The market demand for wheat is Q = 100 - 2p + 1pb, where pb is the price of barley. The cross price elasticity of demand for wheat with respect to barley ................
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