Business, 13.12.2019 06:31, mulan5446

Arancher in oklahoma decides to raise the price of her beef by 19% over the prevailing market price. if the demand for beef is perfectly elastic, this rancher's quantity demanded will:
a. fall to 0.
b. not change.
c. increase slightly.
d. fall slightly.

Answers: 2

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Arancher in oklahoma decides to raise the price of her beef by 19% over the prevailing market price....