The Market Demand for Wheat Is Q = 100 -

question 41

Multiple Choice

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

• A) cannot be calculated from just the information provided.
• B) is negative.
• C) suggests that wheat and barley are complements.
• D) equals 1.

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