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    The Economics of Managerial Decisions
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    Exam 3: Measuring and Using Demand
  5. Question
    The Price Elasticity for Corn from a Particular Farmer Is
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The Price Elasticity for Corn from a Particular Farmer Is

Question 2

Question 2

Multiple Choice

The price elasticity for corn from a particular farmer is likely to be________ .


A) close to 0
B) perfectly inelastic
C) close to 1
D) perfectly elastic

Correct Answer:

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