Business, 14.02.2020 01:04 Leilaniabma

A decrease in the price of rice from 50 cents to 40 cents a pound increases consumption from 16 to 20 tons a week in Gainesville and from 160 to 200 tons in the larger city of Miami. The elasticity of demand for rice is:

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A decrease in the price of rice from 50 cents to 40 cents a pound increases consumption from 16 to 2...

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