Exhibit 39-4 -Refer to Exhibit 39-4.The Price Elasticity of Demand for Wheat

question 11

Multiple Choice

Exhibit 39-4
-Refer to Exhibit 39-4.The price elasticity of demand for wheat between the prices of $3 and $4 is

• A)equal to 1.
• B)less than 1.
• C)greater than 1.
• D)equal to 100.
• E)c and d

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