Question: Using the data from the ANWR example, what will be the percentage increase in quantity supplied if ANWR raises supply by 1%? No, this isnt

Using the data from the ANWR example, what will be the percentage increase in quantity supplied if ANWR raises supply by 1%? No, this isn’t a trick question, and the formula is already there in the chapter. Why isn’t this number just 1%?

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E d Shift in Supply E d E s 05 1 08 25 4 0625 This is the formula for a shift in equilibrium quantit... View full answer

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