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(Figure: Price Elasticity of Supply) The price elasticity of supply at $8 is: Price $ 12 11 S 0 1 2 3 4 5 6

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(Figure: Price Elasticity of Supply) The price elasticity of supply at $8 is: Price $ 12 11 S 0 1 2 3 4 5 6 7 8 9 10 Quantity O 0.5. 2. Oo. O 2.5

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