Question: The estimated supply function for avocados is Q = 58 + 15p - 20pf, where p is the price of avocados and pf is the
The estimated supply function for avocados is Q = 58 + 15p - 20pf, where p is the price of avocados and pf is the price of fertilizer.
When the price of fertilizer increases by $1.50 the inverse supply curve shifts ?
The price elasticity of supply, estimated at p = 4 and pf = 10, is approximately?
When the price of fertilizer increases by $1.50 the supply curve shifts?
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