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Drought cuts the quantity of wheat grown by 10 percent.
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# Question : Drought cuts the quantity of wheat grown by 10 percent. : 9645

Drought cuts the quantity of wheat grown by 10 percent. The price elasticity of demand for wheat is 0.5. Calculate the answers below. >>> Answer to 1 decimal place. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. The price of wheat will rise by _____ percent Pasta makers estimate that the change in the price of wheat will increase the price of pasta by 8 percent, and decrease the quantity demanded of pasta by 4 percent. The pasta makers' estimate of the price elasticity of demand for pasta is _____? Pasta sauce makers estimate as a result of the increase in the price of pasta that the quantity of pasta sauce demanded will decrease by 4 percent. The pasta sauce makers' estimate of the cross elasticity of demand for pasta sauce with respect to the price of pasta is __________?

## Solution 5 (1 Ratings )

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