2. Assume the original price is $1 and the Quantity Supplied is 5000 units. The price...
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2. Assume the original price is $1 and the Quantity Supplied is 5000 units. The price increases to $1.20 and the Quantity Supplied increases to 5,500 units. What is the Elasticity of Supply? 2. Assume the original price is $1 and the Quantity Supplied is 5000 units. The price increases to $1.20 and the Quantity Supplied increases to 5,500 units. What is the Elasticity of Supply? 2. Assume the original price is $1 and the Quantity Supplied is 5000 units. The price increases to $1.20 and the Quantity Supplied increases to 5,500 units. What is the Elasticity of Supply?
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