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2. The schedule of cassava is given below: Price $ 7 8 9 10 11 Supply 45 75 105 125 140 (Qty.) a. By using
2. The schedule of cassava is given below: Price $ 7 8 9 10 11 Supply 45 75 105 125 140 (Qty.) a. By using arc elasticity formula work out supply elasticities for each increases in the cassava price from $7 to $8, $8 to $9, $9 to $10 and $10 to $11. b. Graphically indicate and interpret on the cause for the difference in the values of the coefficients of elasticity for the corresponding cassava supply quantity and the price
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