Business, 21.07.2020 18:01 megankbrown

Based on Roberts and Schlenker (forthcoming), the corn demand elasticity is ε =0.3, and the supply elasticity is eη= 0.15. According to the 2007 Census of Agriculture, the United States has 347,760 corn farms. Assuming that the farms are of roughly equal size, what is the elasticity of demand facing a single farm?

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Based on Roberts and Schlenker (forthcoming), the corn demand elasticity is ε =0.3, and the supply e...

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