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2) Suppose that as the price of some product increases from $2.00 to $3.00 per unit the quantity supplied rises from 800 to 1000 units
2) Suppose that as the price of some product increases from $2.00 to $3.00 per unit the quantity supplied rises from 800 to 1000 units per month. What is the price elasticity of supply for this product? Use the Midpoint Approach
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Small Business Management Creating A Sustainable Competitive Advantage
Authors: Timothy S. Hatten
7th Edition
1544330863, 978-1544330860
