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Show the formula used and all work. Write everything down on a paper sheet, do NOT type in. Show graph as well. 5. The price

Show the formula used and all work. Write everything down on a paper sheet, do NOT type in. Show graph as well.

5. The price of cell phones rose slightly higher from $600.00 to $750.00 this past month, and Samsung found out about Apple's release of the iPhone 12, so in turn it decided to increase production of its Note 20 from 450,000 to 550,000 to compete with its rival. What is the price elasticity of supply for Samsung Note 20 phones

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