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3. the table below contains a supply schedule for bouquetsof roses. Price (S) Price elasticity of supply Bouquets of Roses Supplied Use these data
3. the table below contains a supply schedule for bouquetsof roses. Price (S) Price elasticity of supply Bouquets of Roses Supplied Use these data to answer the following questions b- d- Compute the coefficient of price elasticity of supply for the seven price ranges shown and complete the table What do you notice about the algebraic signs of the values you just computed? Explain why this Express the price elasticity of supply as the ratio of a marginal conceptand an average concept. Explain why all linear supply curves emanating from the origin manifest unitary price elasticity
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