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Business, 20.01.2022 03:40 needhelpasap8957

The absolute value of the price elasticity of demand for cabbage has been estimated to be 0.25. If an insect infestation destroys 20% of the nation's cabbage crop (and thus reduces supply), how will that affect cabbage consumption and total expenditures on cabbage, all other things equal

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The absolute value of the price elasticity of demand for cabbage has been estimated to be 0.25. If a...
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