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Author Question: The price elasticity of demand measures the responsiveness of (Read 67 times)

zl00505

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on: Oct 12, 2022

Question 1

The demand and supply schedules for a hypothetical Canadian market for barley are given below:

Price
($ per tonne)		Quantity Demanded
(million tonnes)		Quantity Supplied
(million tonnes)
100370300
125360325
150350350
175340375
200330400
225320425

TABLE 3-3

Refer to Table 3-3. The equilibrium price of barley is
◦ $225.
◦ $125.
◦ $150.
◦ $175.
◦ $200.

Question 2

The price elasticity of demand measures the responsiveness of
◦ quantity demanded to changes in the price.
◦ demand to supply changes.
◦ supply to demand changes.
◦ the price to changes in quantity demanded.
◦ equilibrium changes.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by zl00505 on Oct 12, 2022

khudija

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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zl00505

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

jackie

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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