The price elasticity of demand for alfalfa is perfectly elastic. Thus, the price elasticity demand for alfalfa is
A. 1.0.
B. 0.0.
C. -1.0.
D. infinity.
Answer: D
Economics
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What is the process that makes sure the market price of an underlying asset equals the price of a futures contract at the settlement date? Provide an example.
What will be an ideal response?
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