9. Suppose that at a price of $2.00 per bushel, the quantity supplied of corn is 25

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9. Suppose that at a price of $2.00 per bushel, the quantity supplied of corn is 25 million metric tons. At a price of $3.00 per bushel, the quantity supplied is 30 million metric tons. What is the elasticity of supply for corn? Is supply elastic or inelastic?

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