Business, 22.01.2021 02:20, stefaniethibodeaux

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Business, 21.06.2019 20:30, tmmackie9261

According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?

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Business, 22.06.2019 10:10, manny2275

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Business, 23.06.2019 00:30, humpty21

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.

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Hewwo babe! Something happened and uh so can you plz join find this? My sis will send you this. im s...