Suppose that the market supply elasticity, eta = 0.7, the demand elasticity in other countries, epsilono = negative 0.8, a

Question

3 years ago

9

Suppose that the market supply elasticity, eta = 0.7, the demand elasticity in other countries, epsilono = negative 0.8, a

nd that the United States' share of world rice output, theta = 10.0%. Its residual supply elasticity 'etar ' is ________ (round your answer to one decimal place).

Business

1 answer:

Colt1911 [192] · Answer 1 · 2021-12-17T02:05:50+03:00

Colt1911 [192]3 years ago

7 0

Answer:

14.2

Explanation:

the solution is shown in the picture attached

Suppose that the market supply​ elasticity, eta ​= 0.7​, the demand elasticity in other​ countries, epsilono​ = negative 0.8​, a

Suppose that the market supply elasticity, eta = 0.7, the demand elasticity in other countries, epsilono = negative 0.8, a