As the price of maple syrup increased from $6.00 per pint to $7.00 per pint, production increased

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As the price of maple syrup increased from $6.00 per pint to $7.00 per pint, production increased from 250 pints to 300 pints. What is the elasticity of supply over this range? Is supply elastic or inelastic over this range?

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Agricultural Economics

ISBN: 978-0136071921

3rd edition

Authors: Evan Drummond, John Goodwin

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Question Posted: Apr 12, 2016 10:34 AM

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As the price of maple syrup increased from $6.00 per pint to $7.00 per pint, production increased

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Agricultural Economics

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