Identify the Elements on the Main Diagonal $$\left[ \begin{array} { r r r | r } - 4 & - 1 & 1 & 8 \\2 & 0 & 5 & 11 \\0 & 1 & - 7 & - 6\end{array} \right]$$

question 39

Short Answer

Identify the elements on the main diagonal. $$\left[ \begin{array} { r r r | r } - 4 & - 1 & 1 & 8 \\2 & 0 & 5 & 11 \\0 & 1 & - 7 & - 6\end{array} \right]$$

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Definitions:

Agricultural Commodities

Products derived from farming or the cultivation of land such as grains, vegetables, fruits, and livestock.

Supply Elasticities

Measures of how responsive the quantity supplied of a good is to a change in its price.

Long-Run Equilibrium

A state in which all factors of production and outputs are adjustable, and all economic processes are fully adapted to any changes.

Competitive Supply

The total quantity of a good or service that is available to consumers, determined by the sum of all individual suppliers’ quantities at each price level in a competitive market.