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5. After the fad ended, assume the price of fidget spinners decreased from $2.50 to $2.00 and the quantity supplied decreased from 15,000 to 10,000.

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5. After the fad ended, assume the price of fidget spinners decreased from $2.50 to $2.00 and the quantity supplied decreased from 15,000 to 10,000. Calculate the price elasticity of supply coefficient. Show your work. Part 3 - Stretch Your Thinking- Answer the question. 6. The elasticity of demand for a product can be determined by analyzing the change in total revenue as a result of a change in price. Explain why this method can't be used to determine the elasticity of supply for a product

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