Answer
The answer is below.
Work Step by Step
We know:
Parity ratio $ = \frac {price \space received}{price \space paid} = \frac{120}{165} = 72$%
Microeconomics: Principles, Problems, & Policies, 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0077660811
ISBN 13:
978-0-07766-081-9
Chapter 20 - Agriculture: Economics and Policy - Discussion Questions - Page 463: 7
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