Question: answer question please ut of A commodities market analyst has estimated the sales and supply functions for an agricultural commodity as follows: Qo=600-8PA Qs=100+2PA Currently

answer question please answer question please ut of A commodities market analyst has estimated the

ut of A commodities market analyst has estimated the sales and supply functions for an agricultural commodity as follows: Qo=600-8PA Qs=100+2PA Currently the commodity is priced at $50. If the price falls at $45, what would be the price elasticity of supply? Select one: a. 0.78 O b. 1.29 O c. 1.73 O d. 0.49 o e. 2.20

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