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Author Question: What does the following statement imply about price elasticity of demand? "Cherry producers in ... (Read 120 times)

swande

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on: Oct 12, 2022
What does the following statement imply about price elasticity of demand? "Cherry producers in British Columbia experienced a healthy increase in revenues this year, despite a reduced harvest due to poor weather conditions."
◦ inelastic demand for B.C. cherries
◦ elasticity of demand equal to zero for B.C. cherries
◦ infinite elasticity of demand for B.C. cherries
◦ elasticity of demand equal to one for B.C. cherries
◦ elastic demand for B.C. cherries
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by swande on Oct 12, 2022

hillard sane

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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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swande

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

tkempin

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

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